111 Professional Park DrVictoria, TX 77904
- Commercial real estate
- 0.38 AC
Property Details for 111 Professional Park Dr
- Year built
- 1982
- Lot size
- 0.38 AC
- Property type
- Commercial real estate
- APN
- 43800-001-00600
- APU
- 4380000100600
Description
This exceptional investment opportunity presents a single-tenant, net-leased dental clinic located at 111 Professional Park Dr, Victoria, TX 77904. The 5,000 square foot Class B building, constructed in 1982 and extensively renovated in 2017 (including new windows), sits on a single story and offers 27 parking spaces. Currently boasting 100% occupancy, the property features a corporate-guaranteed lease with a remaining term of 1.5 years. The lease, commencing May 13, 2021, and expiring May 30, 2026, includes two 5-year renewal options with a 5% rent increase at each option. The tenant is responsible for all operating expenses except structural repairs. The property benefits from a strong NOI of $90,000, resulting in a compelling 7.5% cap rate and a price per square foot of $240. The roof was replaced in 2024. This investment offers a secure, passive income stream with significant upside potential due to the lease terms and the property's strong location in Victoria County. The asking price is $1,200,000. APN: 55277 & 55278.
Location Insight
- City
- Victoria
- County
- Victoria
- State
- Texas
- Latitude
- 28.8412
- Longitude
- -96.9872
- CBSA code
- 47020
- CBSA name
- VICTORIA, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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