Current Use by Public Records
- Quality Care ER / Hospital
- Access Cardiology / Medical Clinic
- TruCare Health Clinic / Medical Clinic
- Carolyn Robinson-Cowley FNP-BC / Physician
Property Details for 2675 41St St
- Year built
- 2017
- Lot size
- 1.83 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Healthcare properties
Description
This exceptional investment opportunity presents a fee-simple interest in a 14,320-square-foot, free-standing emergency room in Paris, Texas. The property boasts a 15-year NNN lease with Quality Care ER, commencing April 1, 2022, and expiring March 31, 2037, leaving over 12 years remaining. The lease includes a 2% annual rent increase, ensuring consistent growth in cash flow. The property, built in 2017, sits on a 1.83-acre lot and enjoys 100% occupancy since its opening. Generating a NOI of $640,804 and a 7.50% cap rate, this asset offers significant returns. Strategically located on Paris' main beltway (NW Loop 286), the property benefits from high visibility and traffic volume. The tenant, Quality Care ER, provides comprehensive emergency services, including CT scans, ultrasounds, in-house X-rays, and laboratory testing, differentiating it from other urgent care facilities. The property's strong performance is reflected in its 4.9 average Google rating across 432 reviews. Lamar County's robust industrial sector, fueled by recent expansions totaling $91 million in capital investment and 280 new jobs, further enhances the investment's long-term potential. This is a rare opportunity to acquire a stable, high-performing asset in a growing market. The property is adjacent to Paris Towne Center, a major shopping center attracting over 2.2 million annual visitors.
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
- Paris
- County
- Lamar
- State
- Texas
- Longitude
- -95.5032
- Latitude
- 33.6337
