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3702 Center St Deer Park, TX 77536

Sponsored
For Sale
$1,300,000

6.65% Cap Rate, Net Lease

Property size:
4,800 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This 4,800 square foot retail building in Deer Park, Texas, presents a compelling investment opportunity. Currently 100% occupied by Jefferson Dental under a triple-net (NN) lease with a remaining term of approximately 3.7 years, expiring July 31, 2028, and including a 7.56% rent increase at lease renewal. The property boasts a strong 6.65% cap rate and a NOI of $86,400. Built in 1979 and renovated in 2018, this single-story, Class B building sits on a 0.53-acre lot and offers ample parking (32 spaces per 1,000 sq ft). The tenant, a well-established dental practice with over 70 locations in Texas and Oklahoma, has occupied the space since August 1, 2018. The property's prime location on Center Street, a major north-south thoroughfare in Deer Park, benefits from high daily traffic counts and close proximity to Beltway 8 and Highway 225. The asking price is $1,300,000, translating to $270.83 per square foot and $56 per square foot of land value. Zoned for commercial use, this property offers excellent visibility and strong potential for long-term returns. The lease includes three options.

Property Features for 3702 Center St

General Information

Property type
Lifestyle centers
Square Feet
4,800 SF
Class
B
Lot Size
23,087 SF

Building Details

Year Built/Renovated
1979/2018
Buildings
1
Stories
1
Units
1

HighLights

  • 4,800 SF retail building, 100% occupied by Jefferson Dental Care.
  • Triple‑net (NN) lease with established tenant (70+ locations in TX & OK) since August 2018.
  • Lease expires July 31, 2028, with three renewal options and a 7.56% rent increase.
  • Building built in 1979, renovated in 2018; excellent parking (32 spaces per 1,000 SF).
  • Prime Deer Park location on Center Street, near Beltway 8 & Highway 225, offering high traffic counts and great visibility.
Property Profile Location Intelligence

Current Use by Public Records

Jefferson Dental & Orthodontics Dentist Garage Door in Deer ... Garage Door Supplier Uttara Suresh Dentist Kavitha Prasad Dentist Deer Park Carpet ... Fur Service

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Deer Park
County
Harris
State
Texas
Longitude
-95.123924
Latitude
29.6777307

FAQs

What type of property is this?
Lifestyle center - 6.65% Cap Rate, Net Lease
Where is this lifestyle center located?
The property is located at 3702 Center St Deer Park, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,800 SF retail building, 100% occupied by Jefferson Dental Care.; Triple-net (NN) lease with established tenant (70+ locations in TX & OK) since August 2018.; Lease expires July 31, 2028, with three renewal options and a 7.56% rent increase.
More about this property
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