635 Stone Ave - Medical FOR SALE


Paris, TX 75460
$4,858,043 USD
702-499-4661
635 Stone Ave, Paris, TX for Sale
$4,858,043 USD
Medical - FOR SALE
1/15
null | 6.5% Cap Rate

635 Stone Ave
Paris, TX 75460


HIGHLIGHTS

  • RECENTLY EXTENDED 11 YEAR LEASE TERM EXPIRES DECEMBER 2036
  • 2025 BUILD-TO-SUIT EXPANSION FOR FRESENIUS KIDNEY CARE
  • INVESTMENT GRADE TENANT
  • ESSENTIAL DIALYSIS OUTPATIENT SERVICE
  • CONVENIENTLY LOCATED WITH EASY ACCESS TO U.S. INTERSTATE 82 (LOOP 286)
  • ATTRACTIVE RENT GROWTH OF 1.64% ANNUALLY (WEIGHTED AVERAGE)

OVERVIEW

The subject property is a two-building Fresenius Medical Care build-to-suit dialysis center and home therapy center. 633 Stone Avenue was constructed in 2013 and contains 10,684 square feet of leasable area. 635 Stone Avenue was constructed in 2008 and is 4,546 square feet. 635 Stone Avenue was recently renovated to accommodate home therapy treatments to accompany the clinic which continues to operate at 633 Stone Avenue. Fresenius recently extended the 15,230 total SF site for an additional 11 YRS on a NN, corporate-guaranteed lease with three five-year renewal options. The lease for 633 Stone Avenue commenced January 1, 2026 and expires December 31, 2036. The lease for 635 Stone Avenue commenced December 25, 2025 and expires December 24, 2036. The extended lease term calls for 1.64% (weighted average) increases annually. For more than 100 years now, Fresenius has been working to save lives and improve the quality of life of its patients. Fresenius is a premier renal healthcare company completing more than +/-48 million dialysis treatments per year worldwide and has an industry leading network of more than 3,700 clinics across 40+ countries.

FOR SALE DETAILS

PRICE

$4,858,043 USD

PRICE/SF

$319 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

None

APN/PARCEL ID

101041

ASK ABOUT THIS PROPERTY

Jason LesleyPerry Guest CompaniesMore Info
702-499-4661

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Jason LesleyPerry Guest CompaniesMore Info
702-499-4661

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