1875 Central Texas ExpyNolanville, TX 76559

Property Details for 1875 Central Texas Expy

Year built

2018

Property size (Sq ft)

7,968 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a 7,968 square foot medical office building in Nolanville, Texas, situated on a 1.01-acre lot with an additional 1.123 acres available for development. The property boasts a single, long-term tenant under a Net Lease (NNN) agreement with a 5-year lease expiring January 31, 2029, and renewal options, offering a remaining lease term of 4.2 years. The current rent includes a 3% annual bump. The building, constructed in 2018, features two units, one currently occupied at 63% occupancy, and one vacant 2,950 square foot suite available for lease. The asking price is $3,600,000, representing a compelling $451.81 per square foot and a 4.31% capitalization rate based on a Net Operating Income (NOI) of $155,168. The property is zoned B-4 and offers convenient highway access and ample parking. This single-story building presents a strong investment opportunity due to its long-term lease, potential for increased occupancy, and the additional land for future development. The property is located at 1875 East Central Texas Expressway, Nolanville, TX 76559. A 1031 exchange is permitted.

Location Insight

City

Nolanville

County

Bell

State

Texas

Latitude

31.0695

Longitude

-97.5831

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