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Parachute Plasma 414 Old Elkhart rd 7,178 SF Retail Building Palestine, TX 75801 $5,749,227 ($800.95/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
Property Subtype
Freestanding
Building Size
7,178 SF
Building Class
B
Year Built
2025
Price
$5,749,227
Price Per SF
$800.95
Cap Rate
7.50%
NOI
$431,192
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.40 AC
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 81173 | Improvements Assessment | $0 |
| Land Assessment | $542,827 | Total Assessment | $542,827 |
Property Taxes
Parcel Number
81173
Land Assessment
$542,827
Improvements Assessment
$0
Total Assessment
$542,827
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Parachute Plasma | 414 Old Elkhart rd
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