421 N 38th St | Killeen, TX 76543
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- LoopNet Team
421 N 38th St
Killeen, TX 76543
KILLEEN DENTAL GROUP · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Tenant Investment in Location – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
- Passive Lease Structure – This NNN lease provides the owner with a “hands-off” investment opportunity
- Killeen-Temple-Fort Hood MSA – The Killen MSA is one of the fastest growing metro areas in TX. The 5-mile population has grown over 12.00% since 2010
- E-Commerce Resistant Healthcare Investment – Medical properties are highly sought-after for their security of investment
- Scheduled Rental Increases – 10% rental increases in the tenant option periods provide future owner with a boost in cash flow
- Robust Demographics – The asset caters to over 157,000 residents within a 5-mile radius who boast an average household income of over $60,000
PROPERTY FACTS
Property Type
Building Size
3,325 SF
Building Class
C
Year Built
1979
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,325 SF
Building FAR
0.12
Lot Size
0.65 AC
Parking
28 Spaces (8.42 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 386857 | Improvements Assessment | $573,551 |
| Land Assessment | $77,938 | Total Assessment | $651,489 |
PROPERTY TAXES
Parcel Number
386857
Land Assessment
$77,938
Improvements Assessment
$573,551
Total Assessment
$651,489
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