3710 Fm 1889 - Freestanding FOR SALE


Robstown, TX 78380
$4,166,250 USD
918-845-5375
3710 Fm 1889, Robstown, TX for Sale
$4,166,250 USD
Freestanding - FOR SALE
1/4
null | 6.25% Cap Rate

3710 Fm 1889
Robstown, TX 78380


HIGHLIGHTS

  • Strong Guarantee - DaVita, Inc. generated $13.64 billion in revenue, yielding over $746 million in net income, and holds a BB rating with S&P.
  • Rental Increases - The lease provides for ten percent (10%) rental increases every five (5) years during the initial term and option periods.
  • Tax Free State - Texas is one of nine states in the U.S. that does not levy a state income tax on wages and salaries.

OVERVIEW

Newmark has been exclusively engaged to offer for sale the Davita Dialysis Center located at 3710 FM 1889, Corpus Christi, Texas. The Property consists of 1.40 acres and a 10,328-square-foot medical clinic. The initial term of the lease is for fifteen (15) years, with approximately 8.5 years remaining, and features three (3) five (5) year renewal options. The lease provides ten percent (10%) rental increases every five (5) years.

FOR SALE DETAILS

PRICE

$4,166,250 USD

PRICE/SF

$403 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

NO ZONING

APN/PARCEL ID

514875

ASK ABOUT THIS PROPERTY

Leighton HopkinsNewmarkMore Info
918-845-5375

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Leighton HopkinsNewmarkMore Info
918-845-5375

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