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Parachute Plasma 414 Old Elkhart rd 6,500 SF 100% Leased Retail Building Palestine, TX 75801 $5,749,227 ($884.50/SF) 7.50% Cap Rate
Investment Highlights
- FDA Licensed Operator and Location
- Growing Credit
- Adjacent to a Walmart Supercenter
- Recession Proof Tenant
Executive Summary
Surmount is pleased to present the exclusive listing for a Parachute Plasma located at 414 Old Elkhart Rd., Palestine, TX 75801. The site consists of roughly 6,500 rentable square feet of building space on an estimated 3.4-acre parcel of land. This Parachute Plasma is subject to a 20-year Triple Net (NNN) lease, which will commence upon COE*. The current annual rent is $431,192 and has scheduled increases of 2.00% annually starting year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
6,500 SF
Year Built
2025
Price
$5,749,227
Price Per SF
$884.50
Cap Rate
7.50%
NOI
$431,192
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
3.40 AC
Nearby Major Retailers
1 of 4
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Parachute Plasma | 414 Old Elkhart rd
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