4801-4805 Wesley St - Medical FOR SALE


Greenville, TX 75401
$3,547,329 USD
818-484-1658
4801-4805 Wesley St, Greenville, TX for Sale
$3,547,329 USD
Medical - FOR SALE
1/3
null | 7.5% Cap Rate

4801-4805 Wesley St
Greenville, TX 75401


HIGHLIGHTS

  • Recession-Resistant Asset Class – Healthcare is considered recession-resistant due to the essential nature of its services
  • Fresh Ten-Year Lease – Lake Pointe Orthopedics will be signing a fresh ten-year NNN lease at closing, showing its level of commitment to the location
  • Inflation-Protected Leases – The leases feature 2-5.41% annual rent increases and one tenant has a 12% increase in 2027
  • Passive NNN Lease Structures – These are long-term NNN leases with minimal landlord responsibilities
  • Established Multi-Unit Operators – A new owner will benefit from the stability of experienced tenants
  • Main Hospital Proximity – Located 1.4 miles from Hunt Regional Medical Center, a 188 inpatient bed and Level III Neonatal ICU facility

OVERVIEW

Matthews Real Estate Investment Services™ Healthcare Division is delighted to unveil the following investment opportunity: a multi-tenant medical office building leased to four medical tenants. A new owner will benefit from the stability of experienced tenants, as three of the four operators are established multi-location providers: Athletico (900+ locations), Lake Pointe Orthopedics & Sports Medicine (5 locations), and North Star Diagnostic Imaging (14 locations). Lake Pointe Orthopedics, which leases a majority of the building, will be signing a fresh ten-year NNN lease at closing, showing its level of commitment to the location. All other tenants are on NNN leases with minimal landlord responsibilities and with annual increases ranging from 2-3%. With six providers, Lake Pointe Orthopedics has been in operation for 32 years and has been serving the Greenville market for 3-4 years. Three providers dedicated to the Greenville location have built a reputable practice offering services in the following fields (knee, shoulder/elbow, fractures, sprains, strains, ankle/foot, podiatry, hand/wrist and hip). Strategically located near Hunt Regional Medical Center, a 188 inpatient bed and Level III Neonatal ICU facility, the property benefits from its proximity, enhancing its appeal. In summary, this investment offers a rare blend of reliable income and the confidence of several multi-unit proven operators. Broker of Record Patrick Graham License No. 9005919 (TX)

FOR SALE DETAILS

PRICE

$3,547,329 USD

PRICE/SF

$282 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medical Plaza | 7.50% | NNN Leases | 7.8 Yrs

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Drug Store, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

Commercial

APN/PARCEL ID

200999

ASK ABOUT THIS PROPERTY

Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

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Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

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