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Precision Spine Care 5016 Gilmer Rd 15,072 SF 100% Leased Office Building Longview, TX 75604 $7,536,938 ($500.06/SF) 6.50% Cap Rate
Investment Highlights
- Established Regional Operator: The property is operated by Precision Spine Care, which has eight locations across Texas and Georgia
- NNN Lease Structure: The leases are structured as triple-net (NNN), minimizing landlord responsibilities and reducing exposure to operating expense
- Growing Pain Management Sector: The U.S. pain management market is projected to expand from $27.9 billion in 2024 to $38.5 billion by 2033 (3.7% CAGR)
- Long-Term Lease Security: Both tenant leases have more than 10 years of remaining term, providing durable and predictable cash flow visibility
- Contractual 3% Annual Rent Increases: Each lease features 3% annual rental escalations, delivering consistent year-over-year cash flow growth
- Significant Build-to-Suit Investment: Tenant invested approximately $1.9M, reflecting substantial capital commitment and long-term dedication
Executive Summary
Broker of Record
Patrick Graham
License # License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,072 SF
Building Class
C
Year Built
2006
Price
$7,536,938
Price Per SF
$500.06
Cap Rate
6.50%
NOI
$489,901
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
15,072 SF
Building FAR
0.10
Lot Size
3.43 AC
Zoning
Office - Commercial
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Property Taxes
| Parcel Number | 26664 | Improvements Assessment | $2,676,030 |
| Land Assessment | $36,360 | Total Assessment | $2,712,390 |
Property Taxes
Parcel Number
26664
Land Assessment
$36,360
Improvements Assessment
$2,676,030
Total Assessment
$2,712,390
Contacts
-
Tyler Swade -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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Precision Spine Care | 5016 Gilmer Rd
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