1536 Fm 359 Rd - Medical FOR SALE


Richmond, TX 77406- Pecan Grove
$1,715,000 USD
980-498-3293
1536 Fm 359 Rd, Richmond, TX for Sale
$1,715,000 USD
Medical - FOR SALE
1/3
null | 7.25% Cap Rate

1536 Fm 359 Rd
Richmond, TX 77406
Pecan Grove


HIGHLIGHTS

  • NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
  • INDUSTRY-LEADING SCALE & MARKET POSITION
  • FORT BEND COUNTY - TOP-10 FASTEST-GROWING COUNTY IN THE U.S.
  • GRAND PARKWAY GROWTH CORRIDOR
  • HOUSTON MSA - TEXAS’S LARGEST METRO
  • STEADY ANNUAL RENT ESCALATION

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,900-square-foot net-leased medical asset located at 1536 FM 359 Road in Richmond, Texas. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 6 years of remaining primary term. The lease features attractive 1.0% annual rent increases throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility. Constructed in 1997 as a purpose-built dental facility, the property occupies a highly visible position along FM 359, which carries approximately 21,700 vehicles per day and serves as a primary commercial corridor within the Richmond-Rosenberg trade area. The asset benefits from affluent surrounding demographics, nearby master-planned communities, and continued residential and commercial development along the Grand Parkway corridor. Located approximately 30 miles southwest of Downtown Houston, Richmond is among the fastest-growing communities within the Houston MSA and serves as a major residential and service hub for Fort Bend County. Supported by strong household incomes, sustained population growth, and continued investment throughout the region, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Texas’ strongest suburban growth markets.

FOR SALE DETAILS

PRICE

$1,715,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - Richmond, TX

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,215 SF

ZONING

S

APN/PARCEL ID

0062-00-000-0027-901

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.