For Sale
$5,555,556

1820 County Road 36 Angleton, TX 77515

Texas Medical Office, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a fee-simple ownership interest in a 25,000-square-foot medical office building in Angleton, Texas. The property, built in 1900 and renovated in 1993, sits on a 10.13-acre lot at 1820 County Rd 36, 77515. Currently 100% occupied by Serenity Light Recovery, a well-established addiction treatment center operating since 2014, the property is offered at $5,555,556, representing a price per square foot of $222 and a 9% cap rate. The absolute NNN lease boasts a remaining term of 15 years with 2.5% annual rent bumps and ten 5-year options, ensuring long-term, stable income. The tenant handles all property taxes, insurance, and maintenance, providing a truly passive investment. The center's strong operating history and positive online reviews, averaging 4.8 out of 5 stars, demonstrate its success and market position within the Houston MSA, the fifth most populous in the U.S. The lease's built-in inflationary protection, coupled with Texas's zero income tax, makes this a compelling investment in a recession-resistant sector. The NOI is $500,000. This is a sale-leaseback transaction.

Highlights

  • 2.5% annual rent increases provide strong cash flow and equity appreciation, offering inflation protection.
  • Medical office buildings are recession-resistant and immune to e-commerce trends.
  • Serenity Light Recovery boasts over 150 five-star reviews on Google and Facebook.
  • Located in the Houston MSA, the fifth largest in the US, with a robust economy.
  • Texas offers a significant tax advantage with zero income tax on real estate investments.
  • NNN lease structure provides a passive investment with tenant responsible for all operating expenses (taxes, insurance, maintenance).

Property Details for 1820 County Road 36

Property type
Office properties, Medical offices
Year Built/Renovated
1900/1993
Lot Size (sq. ft)
441,263 SF

Location Insight

City
Angleton
County
Brazoria
State
Texas
Latitude
29.2765079
Longitude
-95.4864244

FAQs

What type of property is this?
Office property - Texas Medical Office, NNN Lease
Where is the office property located?
The property is located at 1820 County Road 36 Angleton, TX.
What is the asking price?
The asking price for this property is $5,555,556.
What are key features of this property?
This property features: 2.5% annual rent increases provide strong cash flow and equity appreciation, offering inflation protection.; Medical office buildings are recession-resistant and immune to e-commerce trends.; Serenity Light Recovery boasts over 150 five-star reviews on Google and Facebook.
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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1820 County Road 36
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