3107 State Hwy Bastrop, TX 78602
- Office Properties & Spaces
- 11,000 SF
- 0.93 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 3107 State Hwy
- Year built
- 2009
- Lot size
- 0.93 lot acres
- Property size
- 11,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a fee-simple interest in an 11,000-square-foot medical office building in Bastrop, Texas, situated within the Austin MSA. The property is fully occupied by Texas Oncology, a leading cancer treatment center and the largest provider in Texas, under a triple-net (NNN) lease with a remaining term of 5.4 years, expiring April 15, 2030. The lease includes attractive 2.0% annual rent bumps, providing consistent income growth. The tenant recently exercised a five-year renewal option, further solidifying the long-term stability of this investment. Built in 2009, this two-story building sits on a 0.93-acre lot at 3107 State Hwy 71, Bastrop, TX 78602. The property boasts a strong 6.45% cap rate and a net operating income (NOI) of $341,539, with an asking price of $5,295,000 ($481.36 per square foot). This represents a secure, high-quality investment in a vital healthcare sector, anchored by a financially robust and reputable tenant. The property's prime location ensures high visibility and strong traffic counts, contributing to its long-term value and appeal. This is a rare opportunity to acquire a stable, income-producing asset with significant upside potential in a rapidly growing market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bastrop
- County
- Bastrop
- State
- Texas
- Longitude
- -97.2933
- Latitude
- 30.1027
