1960 S Loop 256 - Freestanding FOR SALE


Palestine, TX 75801
$5,513,000 USD
480-221-4221
1960 S Loop 256, Palestine, TX for Sale
$5,513,000 USD
Freestanding - FOR SALE
1/7
null | 6% Cap Rate

1960 S Loop 256
Palestine, TX 75801


HIGHLIGHTS

  • 100% Occupied | 2025 Construction | Options to Extend | Scheduled 10% Rental Increases | Brand-New 10-Year Leases
  • Signalized, Hard Corner Intersection | Palestine Mall (240,000 SF) | Strong National/Credit Tenants | Highway 256 (23,700 VPD)
  • Strong Demographics in Nearby Trade Area

OVERVIEW

• The asset features brand-new 2025 construction, providing a future investor with modern, high quality, building designs, and reduced capital expenditure requirements in the near future • The building totals 7,000 square feet and features two 3,500 SF suites occupied by essential, e-commerce-resistant medical service tenants • Both tenants recently signed brand-new 10-year leases featuring 10% annual rent increases throughout the initial term and at the start of each option period, providing a future investor with a significant hedge against inflation

FOR SALE DETAILS

PRICE

$5,513,000 USD

PRICE/SF

$788 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Tenant Medical Pad | 100% Occupied

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,671 SF

ZONING

RC

APN/PARCEL ID

R854004,R854005

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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