2020 Highway 6Alvin, TX 77511

Property Details for 2020 Highway 6

Year built

2014

Lot size

1.57 AC

Property size (Sq ft)

10,100 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional 10,100 square foot medical office building in Alvin, Texas, presents a compelling investment opportunity. Located at 2020 E Hwy 6, this single-story, 2014-built property sits on a 1.57-acre lot and is currently under a net lease with the University of Texas Medical Branch (UTMB Health), a financially robust hospital system with over $31.4 billion in revenue. The lease, with a remaining term of 4.8 years, commenced October 1, 2014, and expires September 30, 2029. It includes one five-year option remaining. Rent increases are tied to fair market value at the option period, ensuring future income growth. The property boasts a 6.25% cap rate and a net operating income (NOI) of $248,864, with a current price per square foot of $394.26. The asking price is $3,982,000. Situated within the Houston MSA and benefiting from a strong demographic base of over 252,000 residents within a 20-minute radius, this property offers a secure, income-producing asset in a tax-free state. The tenant's recent exercise of a lease option underscores their commitment to this location. This is a rare opportunity to acquire a below-market rent medical office building with a strong tenant and significant upside potential.

Location Insight

City

Alvin

County

Brazoria

State

Texas

Latitude

29.4219

Longitude

-95.225

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].