Current Use by Public Records
- U.S. Renal Care / Medical Clinic
Property Details for 1200 St Claire Blvd
- Year built
- 2021
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a 9,000-square-foot, single-tenant medical office building in Mission, Texas. The property, built in 2021, sits on a 52,707.6-square-foot lot and is currently 100% occupied under a 10-year absolute triple-net (NNN) lease with a nationally recognized dialysis provider. The lease commenced January 1, 2021, and expires December 31, 2030, leaving approximately 6.1 years remaining. The annual net operating income (NOI) is $189,000, resulting in a 5.82% capitalization rate. The lease includes a 10% rent increase after the initial five-year term, providing built-in rent growth. The property is strategically located adjacent to Mission Regional Medical Center, a 297-bed hospital, in a high-demand medical area. The tenant is a financially stable, publicly traded company, offering significant corporate backing. The building is classified as Class B and zoned for commercial use. This is a rare opportunity to acquire a stable, high-performing medical office asset in a rapidly growing Texas market, benefiting from the state's favorable tax environment. The property offers a strong combination of long-term lease security, predictable income, and significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3161
- Latitude
- 26.1951
