620 San Patricio AveMathis, TX 78368
High-yield, 10-year NNN lease, 8.25% cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Fee-simple, single-tenant medical office building in Mathis, Texas, totaling 2,600 square feet on a 0.35-acre lot.
- New 10-year NNN lease with Smilepoint Dental Group, a rapidly expanding DSO with 25+ locations, including 2% annual rent increases and three 5-year renewal options; corporate guarantee included.
- 8.25% cap rate, projected to exceed 9.03% over the initial lease term due to rent escalations; asking price: $756,364 ($290.91/SF).
- Minimal landlord responsibilities due to NNN lease structure, offering a passive investment opportunity.
- High-visibility location directly across from an H-E-B grocery store, ensuring strong foot traffic and brand awareness. The building offers multiple service lines including Family Dentistry, Pediatric Dentistry, Dentures, Dental Implants, Orthodontics and Invisalign.
- Investment in a growing $156 billion industry with an average annual growth of 2.4%.
Property Details for 620 San Patricio Ave
- Property type
- Office properties, Medical offices
- Square Feet
- 2,600 SF
- Year Built
- 1993
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 15,246 SF
Location Insight
- City
- Mathis
- County
- San Patricio
- State
- Texas
- Latitude
- 28.0901136
- Longitude
- -97.823319














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