1200 St Claire BlvdMission, TX 78572

For Sale
Call for price
9,000 SF Medical Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a 9,000-square-foot, single-tenant medical office building in Mission, Texas. The property, built in 2021, sits on a 52,707.6-square-foot lot and is currently 100% occupied under a 10-year absolute triple-net (NNN) lease with a nationally recognized dialysis provider. The lease commenced January 1, 2021, and expires December 31, 2030, leaving approximately 6.1 years remaining. The annual net operating income (NOI) is $189,000, resulting in a 5.82% capitalization rate. The lease includes a 10% rent increase after the initial five-year term, providing built-in rent growth. The property is strategically located adjacent to Mission Regional Medical Center, a 297-bed hospital, in a high-demand medical area. The tenant is a financially stable, publicly traded company, offering significant corporate backing. The building is classified as Class B and zoned for commercial use. This is a rare opportunity to acquire a stable, high-performing medical office asset in a rapidly growing Texas market, benefiting from the state's favorable tax environment. The property offers a strong combination of long-term lease security, predictable income, and significant upside potential.

Highlights

  • 9,000 SF single-tenant medical office building in Mission, TX, 100% occupied by a nationally recognized dialysis provider under a 10-year absolute NNN lease with approximately 6.1 years remaining.
  • Lease backed by U.S. Renal Care, Inc., the third-largest dialysis services company in the U.S., providing strong corporate guaranty.
  • Located in Texas, a state with no income tax, offering investors additional cash flow.
  • Absolute NNN lease with a 10% rent increase after year five, providing built-in rent growth.
  • Property is strategically located adjacent to Mission Regional Medical Center.

Property Details for 1200 St Claire Blvd

Property type
Office properties, Medical offices
Square Feet
9,000 SF
Class
B
Year Built
2021
Buildings
1
Stories
1

Location Insight

City
Mission
County
Hidalgo
State
Texas
Latitude
26.19506998268
Longitude
-98.316137944293
1200 St Claire Blvd, Mission, Texas

FAQs

What type of property is this?
Office property - 9,000 SF Medical Office, 100% Occupied
Where is the office property located?
The property is located at 1200 St Claire Blvd Mission, TX.
What are key features of this property?
This property features: 9,000 SF single-tenant medical office building in Mission, TX, 100% occupied by a nationally recognized dialysis provider under a 10-year absolute NNN lease with approximately 6.1 years remaining.; Lease backed by U.S. Renal Care, Inc., the third-largest dialysis services company in the U.S., providing strong corporate guaranty.; Located in Texas, a state with no income tax, offering investors additional cash flow.
How can I contact the broker?
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1200 St Claire Blvd
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