3107 State HwyBastrop, TX 78602

Property Details for 3107 State Hwy

Year built

2009

Lot size

0.93 AC

Property size (Sq ft)

11,000 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a fee-simple interest in an 11,000-square-foot medical office building in Bastrop, Texas, situated within the Austin MSA. The property is fully occupied by Texas Oncology, a leading cancer treatment center and the largest provider in Texas, under a triple-net (NNN) lease with a remaining term of 5.4 years, expiring April 15, 2030. The lease includes attractive 2.0% annual rent bumps, providing consistent income growth. The tenant recently exercised a five-year renewal option, further solidifying the long-term stability of this investment. Built in 2009, this two-story building sits on a 0.93-acre lot at 3107 State Hwy 71, Bastrop, TX 78602. The property boasts a strong 6.45% cap rate and a net operating income (NOI) of $341,539, with an asking price of $5,295,000 ($481.36 per square foot). This represents a secure, high-quality investment in a vital healthcare sector, anchored by a financially robust and reputable tenant. The property's prime location ensures high visibility and strong traffic counts, contributing to its long-term value and appeal. This is a rare opportunity to acquire a stable, income-producing asset with significant upside potential in a rapidly growing market.

Location Insight

City

Bastrop

County

Bastrop

State

Texas

Latitude

30.1027

Longitude

-97.2933

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