Listed by Trinity Real Estate Investment Services
$1,800,335
CHRISTUS Health System
Details
Property Type Retail, Office
Sub Type Pharmacy/Drug, Storefront
Square Footage 7,137
Units 1
Cap Rate 7.8%
NOI $140,426
Occupancy 100%
Tenancy Single
Brand/Tenant DaVita, Fresenius Kidney Care
Lease Type NN
Lease Term 12.2
Lease Expiration 09/30/2029
Remaining Term 3.2
Rent Bumps Yes
Lease Options Two (2), 3-Year; Market Value Rent
Price per SqFt $252
Year Built 2007
Buildings 1
Acreage 1.330
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/01/2017
Ground Lease No
Ownership Fee Simple
Office | 7.8% CAP | 7,137 SF
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a CHRISTUS Health System in Longview, TX. This property offers a lease with 4+ years remaining on the current term and attractive 2% annual rental increases, featuring a fully remodeled interior tailored for modern eye‑care use along with updated exterior signage that enhances visibility.
Property Website: https://trinityreis.com/listing/2010-bill-owens-pkwy/
Investment highlights
- Christus Health System in Longview, TX With 4+ Years Remaining on Current Term
- Attractive 2% Annual Rental Increases
- Interior Fully Remodeled for Modern Eye Care Use With Updated Exterior Signage That Enhances Visibility
- Recent Capital Improvements Including December Roof Repair and 2024 HVAC Unit Replacement
- Near a Signalized Intersection With Combined Traffic Counts of 19,000+ Vehicles Passing Daily
- Strong Demographics of 85,000+ Residents Within 5 Miles of Property
- Strategically Located Near Large Residential Neighborhoods With $118K+ Avg. Household Income Within 1 Mile
- After Acquiring Good Shepherd Hospital in 2017 Christus Became a Dominant Health Care Provider for Longview and East Texas Operating 8 Hospitals and Over 80 Clinics
Listing Contacts
Listed by Trinity Real Estate Investment Services
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,426.00
$11,702.17/mo
Valuation Metrics
0
DSCR
7.8%
Cap Rate
7.8%
ROI
Broker Selected Comps View More Comps
Similar Properties
Is there information that looks off?
