2615 W 24th St 3,838 SF Office Building Plainview, TX 79072 $1,425,000 ($371.29/SF) 8% Cap Rate

This NNN-leased dental office investment opportunity provides stability and predictable returns in the heart of Plainview, Texas. The property generates approximately $114,000 in annual net operating income, supporting an 8% first-year cap rate, with a current sales price of $1,425,000. Spanning 3,838 square feet on a 0.39-acre site, the building is strategically located just off Interstate 27 in a highly visible service corridor near key anchors, including Plainview ISD, Covenant Hospital, childcare centers, and the Plainview baseball and football stadiums. The area benefits from steady consumer activity, strong local demographics, and proximity to retail, medical, and educational destinations. A recently executed seven-year lease, inclusive of two additional five-year renewal options, reflects long-term tenant commitment. Ongoing and planned facade enhancements further contribute to property value and long-term curb appeal. With a historically stable dental operator and a well-established patient base, this asset positions buyers for reliable income with growth potential. Investors also have the option to acquire this property as part of a multi-property portfolio alongside its companion location in Lubbock, Texas.