1875 Central Texas Expy Nolanville, TX 76559
- Office Properties & Spaces
- 7,968 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1875 Central Texas Expy
- Year built
- 2018
- Property size
- 7,968 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a 7,968 square foot medical office building in Nolanville, Texas, situated on a 1.01-acre lot with an additional 1.123 acres available for development. The property boasts a single, long-term tenant under a Net Lease (NNN) agreement with a 5-year lease expiring January 31, 2029, and renewal options, offering a remaining lease term of 4.2 years. The current rent includes a 3% annual bump. The building, constructed in 2018, features two units, one currently occupied at 63% occupancy, and one vacant 2,950 square foot suite available for lease. The asking price is $3,600,000, representing a compelling $451.81 per square foot and a 4.31% capitalization rate based on a Net Operating Income (NOI) of $155,168. The property is zoned B-4 and offers convenient highway access and ample parking. This single-story building presents a strong investment opportunity due to its long-term lease, potential for increased occupancy, and the additional land for future development. The property is located at 1875 East Central Texas Expressway, Nolanville, TX 76559. A 1031 exchange is permitted.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nolanville
- County
- Bell
- State
- Texas
- Longitude
- -97.5831
- Latitude
- 31.0695
