For Sale
$799,000

2402 Sam Houston AveHuntsville, TX 77340

Net-leased dental office, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This fee-simple medical office building in Huntsville, TX, presents a compelling investment opportunity. The 3,525 square foot property is currently 100% occupied by Copeland Family Dentistry under a net lease agreement with a remaining term of approximately 3.1 years. The lease commenced December 9, 2022, and expires December 31, 2027, with a 5-year option. The annual rent includes a 2% increase, offering predictable income growth. The property boasts a strong NOI of $50,368, translating to a 6.30% cap rate and a price per square foot of $226.67. Built in 1971, the single-building property sits on a 0.41-acre lot at a signalized corner location with high traffic counts (28,294 cars per day). Its strategic location is less than half a mile south of Sam Houston State University, benefiting from a large student population (21,000 students) and proximity to over 2,200 apartment units within a two-mile radius. The roof recently underwent sealing, complete with a new 5-year workmanship and material warranty. Copeland Family Dentistry is part of a larger multi-unit operator with 43 locations, 32 of which are in Texas. This specific location demonstrates outstanding unit-level revenues, with a rent-to-sales ratio under 4%. The property is located at 2402 Sam Houston Ave, Huntsville, TX 77340. Further details regarding rent bumps are available in the offering memorandum. This is a rare opportunity to acquire a stable, high-performing asset in a growing Texas market.

Highlights

  • Outstanding unit-level revenues; rent-to-sales ratio under 4%.
  • Tenant is a multi-unit operator with 43 locations, 32 in Texas.
  • 5-year net lease with 2% annual rent increases.
  • Below-market rent of $14.29 per square foot.
  • Recently sealed roof with a new 5-year warranty on both workmanship and materials.
  • Located less than half a mile from Sam Houston State University (21,000 students).

Property Details for 2402 Sam Houston Ave

Property type
Office properties, Medical offices
Square Feet
3,525 SF
Year Built
1971
Buildings
1
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Huntsville
County
Walker
State
Texas
Latitude
30.706975
Longitude
-95.5488903
2402 Sam Houston Ave, Huntsville, Texas

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2402 Sam Houston Ave
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