For Sale
$1,200,000

111 Professional Park Dr Victoria, TX 77904

High-yield, single-tenant dental clinic.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a single-tenant, net-leased dental clinic located at 111 Professional Park Dr, Victoria, TX 77904. The 5,000 square foot Class B building, constructed in 1982 and extensively renovated in 2017 (including new windows), sits on a single story and offers 27 parking spaces. Currently boasting 100% occupancy, the property features a corporate-guaranteed lease with a remaining term of 1.5 years. The lease, commencing May 13, 2021, and expiring May 30, 2026, includes two 5-year renewal options with a 5% rent increase at each option. The tenant is responsible for all operating expenses except structural repairs. The property benefits from a strong NOI of $90,000, resulting in a compelling 7.5% cap rate and a price per square foot of $240. The roof was replaced in 2024. This investment offers a secure, passive income stream with significant upside potential due to the lease terms and the property's strong location in Victoria County. The asking price is $1,200,000. APN: 55277 & 55278.

Highlights

  • Lease expires May 2026, with two 5-year renewal options at 5% increases each.
  • Triple-net lease; landlord responsible only for structural repairs.
  • Substantially renovated in 2017, including new windows.
  • New roof installed in 2016.
  • Established tenant with strong customer base.

Property Details for 111 Professional Park Dr

Property type
Office properties, Medical offices
Square Feet
5,000 SF
Class
B
Year Built/Renovated
1982/2017
Buildings
1
Stories
1

Location Insight

City
Victoria
County
Victoria
State
Texas
Latitude
28.84129432
Longitude
-96.98696071

FAQs

What type of property is this?
Office property - High-yield, single-tenant dental clinic.
Where is the office property located?
The property is located at 111 Professional Park Dr Victoria, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Lease expires May 2026, with two 5-year renewal options at 5% increases each.; Triple-net lease; landlord responsible only for structural repairs.; Substantially renovated in 2017, including new windows.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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111 Professional Park Dr
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