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Nextcare Urgent Care 603 State Highway 35 S 4,530 SF Retail Building Port Lavaca, TX 77979 $1,225,000 ($270.42/SF) 7.07% Cap Rate
Investment Highlights
- Passive Investment: The lease is a NNN, allowing investors to enjoy a true passive investment.
- Surrounded by National Tenant: H-E-B, Ace Hardware, Walmart, Tractor Supply, Bealls, McDonalds, Wells Fargo, Sonic, Walgreens, CVS, DaVita Kidney
- Strong Access & Visibility: Strong accessibility & visibility to TX-35 which receives +21,400 VPD.
- Attractive Rental Increases: Attractive 2% rental increase, which hedges against inflation.
- Younger Demographics: Located within 3 miles from Calhoun High School, Travis Medical School, HJM Elementary School, Sandcrab Football Stadium
Executive Summary
Patrick Graham
License No. 528005, 9005919 (TX)
8668990550
Matthews Real Estate Investment Services Inc.
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
License No. 528005, 9005919 (TX)
8668990550
Matthews Real Estate Investment Services Inc.
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
4,530 SF
Building Class
C
Year Built
2013
Price
$1,225,000
Price Per SF
$270.42
Cap Rate
7.07%
NOI
$86,608
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.50 AC
Zoning
Retail - Retail
Parking
40 Spaces (7.95 Spaces per 1,000 SF Leased)
Frontage
36’ on State Highway 35 S
Amenities
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Next Care Urgent Care
- -
- -
- -
- Triple Net
- Feb 2032
- Twin Fountain Medical Clinics
- Health Care and Social Assistance
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Next Care Urgent Care | - | - | - | Triple Net | Feb 2032 | |
| Twin Fountain Medical Clinics | Health Care and Social Assistance | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 76162 | Improvements Assessment | $750,830 |
| Land Assessment | $198,620 | Total Assessment | $949,450 |
Property Taxes
Parcel Number
76162
Land Assessment
$198,620
Improvements Assessment
$750,830
Total Assessment
$949,450
Contacts
-
Nathan Kam -
Brett Baumgartner -
Josh Bishop -
Matthews Real Estate Investment Services
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Nextcare Urgent Care | 603 State Highway 35 S
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