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1507 Hillview Dr 8,500 SF Office Building Hillsboro, TX 76645 $1,593,750 ($187.50/SF) 6.80% Cap Rate
Investment Highlights
- Fresenius is the largest provider of dialysis related products and services nationwide
- Tenant recently signed a new 50year lease renewal indicating a strong commitment to the site
- Limited landlord responsibilities
- Tenant has 20-year operating history at the site
- New lease calls for 2.4% annual rental increases
- Brand new metal roof installed late 2025
Executive Summary
Transwestern National Net Lease | Sale Leaseback Group is pleased to present a single tenant, Fresenius Kidney Care center in Hillsboro, Texas. The property is located next door to the former Hillsboro Outlet Mall, which is undergoing a $75 million redevelopment. Having occupied the Property for twenty years, the tenant recently executed a new, 5-year lease with 2.4% annual increases. The new lease runs through 8/31/2030.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
8,500 SF
Building Class
C
Year Built
2005
Price
$1,593,750
Price Per SF
$187.50
Cap Rate
6.80%
NOI
$108,375
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,500 SF
Building FAR
0.15
Lot Size
1.34 AC
Zoning
F1 - "C" Commercial
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Property Taxes
| Parcel Number | 145416 | Improvements Assessment | $740,720 |
| Land Assessment | $388,250 | Total Assessment | $1,128,970 |
Property Taxes
Parcel Number
145416
Land Assessment
$388,250
Improvements Assessment
$740,720
Total Assessment
$1,128,970
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1507 Hillview Dr
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