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205 22nd St 7,300 SF Office Building Hondo, TX 78861 $2,950,000 ($404.11/SF) 6.03% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate guaranteed lease with U.S. Renal Care — a premier national dialysis operator serving over 35,000 patients across 300+ centers
- 2% annual rent increases — strong hedge against inflation
- NNN lease — tenant covers nearly all operating expenses for passive ownership
- 7,300 SF modern, freestanding medical building built in 2015
EXECUTIVE SUMMARY
This offering presents a secure, passive net-leased investment with U.S. Renal Care, a nationally recognized dialysis provider. The property consists of a 7,300-square-foot, purpose-built medical facility constructed in 2015, positioned on a 47,045-square-foot parcel in Hondo, Texas.
The corporate guaranteed NNN lease provides investors with reliable cash flow and minimal landlord obligations. Scheduled 2% annual rental increases enhance year-over-year revenue growth. With 4.6 years remaining on the initial term and a five-year renewal option, investors are secured by a long-term commitment in a recession-resistant industry driven by essential care demand.
Hondo benefits from expanding medical services and strong demographic trends that support the continued growth of outpatient care facilities like this one. This investment combines credit-backed stability, built-in rent growth, and low management responsibility — ideal for both private and institutional capital seeking durable income performance.
The corporate guaranteed NNN lease provides investors with reliable cash flow and minimal landlord obligations. Scheduled 2% annual rental increases enhance year-over-year revenue growth. With 4.6 years remaining on the initial term and a five-year renewal option, investors are secured by a long-term commitment in a recession-resistant industry driven by essential care demand.
Hondo benefits from expanding medical services and strong demographic trends that support the continued growth of outpatient care facilities like this one. This investment combines credit-backed stability, built-in rent growth, and low management responsibility — ideal for both private and institutional capital seeking durable income performance.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
7,300 SF
Building Class
B
Year Built
2015
Price
$2,950,000
Price Per SF
$404.11
Cap Rate
6.03%
NOI
$177,974
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,300 SF
Building FAR
0.16
Lot Size
1.07 AC
Parking
40 Spaces (5.48 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 84147 | Improvements Assessment | $661,713 |
| Land Assessment | $176,420 | Total Assessment | $838,133 |
PROPERTY TAXES
Parcel Number
84147
Land Assessment
$176,420
Improvements Assessment
$661,713
Total Assessment
$838,133
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205 22nd St
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