5950 Summerhill Rd Texarkana, TX 75503
Medical office in Texarkana, TX with long-term tenant.
Property size:
12,165 SFLot size:
2.12 AcresProperty Features for 5950 Summerhill Rd
General Information
- Size
- 12,165 SF
- Lot size
- 2.12 Acres
Source:
Moodyscre
Listing Agent: Andrew Fagundo
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Texarkana Medical Office For Sale
This medical property, delivered in 2022, was specifically designed for PTCOA's operations, combining both an Ambulatory Surgery Center (ASC) and clinic. The facility is CMS-certified, allowing it to treat a broad patient population. The ASC is highly desired due to limited supply and costly buildouts. The property is located 1.6 miles from Christus St. Michael Hospital. PTCOA operates 16 locations across three states, making it the largest fully integrated pain management provider in the region. The practicing physician at this location was personally trained by PTCOA co-founder. The lease is backed by a personal guaranty from PTCOA co-founder. The lease has over ten years remaining on a 13-year term, which began in 2022, and features 2.5% annual rent increases. The property is located in Texarkana, a high-income area with average household incomes exceeding $96,000 within a one-mile radius. The property is approximately 12165 square feet. The U.S. pain management market is projected to grow, supporting long-term demand for PTCOA’s services.
Location Intelligence
Current Use by Public Records
Dr. Mohammed Khanzada
Anesthesiologist
PTCOA - Texarkana Ambulatory ...
Surgical Center
Pain Treatment Centers ...
Pain Control Clinic
Angel Samuel, APRN
Pain Management Physician
Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Bowie
- State
- Texas
- Longitude
- -94.069305
- Latitude
- 33.477127
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FAQs
What type of property is this?
Medical office - Medical office in Texarkana, TX with long-term tenant.
Where is this medical office located?
The property is located at 5950 Summerhill Rd Texarkana, TX.
What is the asking price?
The asking price for this property is $5,737,455.
What are key features of this property?
This property features: - Long-term absolute NNN lease with over 10 years remaining and 2.5% annual rent increases, providing inflation-protected cash flow.; - Personal guaranty from PTCOA co-founder Meraj Siddiqui, M.D., offering added credit support.; - Licensed and CMS-certified ambulatory surgery center (ASC), a highly desired asset due to limited supply.