5016 Gilmer Rd - Medical FOR SALE
Longview, TX 75604 |
$7,536,938 USD
630-854-9717
5016 Gilmer Rd
Longview, TX 75604
HIGHLIGHTS
- Established Regional Operator: The property is operated by Precision Spine Care, which has eight locations across Texas and Georgia
- Long-Term Lease Security: Both tenant leases have more than 10 years of remaining term, providing durable and predictable cash flow visibility
- NNN Lease Structure: The leases are structured as triple-net (NNN), minimizing landlord responsibilities and reducing exposure to operating expense
- Contractual 3% Annual Rent Increases: Each lease features 3% annual rental escalations, delivering consistent year-over-year cash flow growth
- Growing Pain Management Sector: The U.S. pain management market is projected to expand from $27.9 billion in 2024 to $38.5 billion by 2033 (3.7% CAGR)
- Significant Build-to-Suit Investment: Tenant invested approximately $1.9M, reflecting substantial capital commitment and long-term dedication
FOR SALE DETAILS
PRICE
$7,536,938 USD
PRICE/SF
$544 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Precision Spine Care
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.43 AC
LAND SF
149,411 SF
ZONING
Office
APN/PARCEL ID
26664
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630-854-9717
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630-854-9717
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