6999 Mcpherson Rd Laredo, TX 78041
- Office Properties & Spaces
- 1,955 SF
- 3.66 lot acres
Current Use by Public Records
- Laredo Digestive Health Center / Medical Clinic / Anesthesiologist
- New Beginnings Counseling / Mental Health Clinic
- Laredo Sleep Center / Psychologist
- Physicians Eye Clinic of Laredo / Ophthalmologist
- Molina Healthcare of Texas Regional Office / Medical Clinic / Doctor
Property Details for 6999 Mcpherson Rd
- Year built
- 2004
- Lot size
- 3.66 lot acres
- Property size
- 1,955 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a fee simple condo interest in a 1,955 square foot Class A medical office building located at 6999 McPherson Rd, Laredo, TX 78041. The property is 100% occupied by Specialized Dental Partners, a large dental service organization (DSO) with over 200 locations nationwide, under a 10-year net lease (NNN) with seven years remaining. The lease commenced September 10, 2021, and expires September 10, 2031, featuring 3% annual rent bumps, providing a hedge against inflation. The current asking price is $634,757, representing a 7.5% cap rate and a price per square foot of $324.68. The property boasts a strong net operating income (NOI) of $47,607. Built in 2004, this single-building property sits on a 3.66-acre lot and benefits from its location on McPherson Rd, a high-traffic thoroughfare with approximately 141,601 vehicles per day. The building is situated near major retailers, including HEB, Starbucks, and Walgreens, ensuring high visibility and convenient access for patients. The Laredo, Texas location offers robust demographics, with an average household income exceeding $151,164 within a one-mile radius and a population of over 173,026 within a five-mile radius. The lease includes two five-year renewal options, further enhancing the long-term value of this investment. The tenant, Endodontic Specialists of Laredo, provides specialized dental services, creating a "sticky" investment due to the high cost of relocation for dental practices. This property offers a passive investment opportunity with minimal landlord responsibilities, making it an attractive option for both local and national investors. The U.S. dental services market is experiencing significant growth, projected to reach $295.23 billion by 2032.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Laredo
- County
- Webb
- State
- Texas
- Longitude
- -99.472
- Latitude
- 27.5663
