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Aspen Dental & Xpress Wellness Urgent Care 1960 S Loop 256 7,000 SF 100% Leased 4-Star Retail Building Palestine, TX 75801 $5,088,000 ($726.86/SF) 6.50% Cap Rate
Investment Highlights
- 100% Occupied | 2025 Construction | Options to Extend | Scheduled 10% Rental Increases | New 10-Year Leases
- Strong Demographics in Nearby Trade Area
- Signalized, Hard Corner Intersection | Palestine Mall (240,000 SF) | Strong National/Credit Tenants | High Traffic Corridor
Executive Summary
• The asset features new 2025 construction, providing a future investor with modern, high quality, building designs, and reduced capital expenditure requirements in the near future
• The building totals 7,000 square feet and features two 3,500 SF suites occupied by essential, e-commerce-resistant medical service tenants
• Both tenants recently signed brand-new 10-year leases featuring 10% annual rent increases throughout the initial term and at the start of each option
• The building totals 7,000 square feet and features two 3,500 SF suites occupied by essential, e-commerce-resistant medical service tenants
• Both tenants recently signed brand-new 10-year leases featuring 10% annual rent increases throughout the initial term and at the start of each option
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$5,088,000
Price Per SF
$726.86
Cap Rate
6.50%
NOI
$330,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.30 AC
Zoning
RC - Retail Commercial
Parking
31 Spaces (4.43 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,072,676 | |
| Land Assessment | $480,598 | Total Assessment | $1,553,274 |
Property Taxes
Parcel Numbers
Land Assessment
$480,598
Improvements Assessment
$1,072,676
Total Assessment
$1,553,274
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