1200 St Claire BlvdMission, TX 78572

Property Details for 1200 St Claire Blvd

Year built

2021

Property size (Sq ft)

9,000 SF

Property type

Office properties

Property subtype

Medical offices

Description

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.

Location Insight

City

Mission

County

Hidalgo

State

Texas

Latitude

26.1951

Longitude

-98.3161

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].