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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2675 41St St Paris, TX 75462

14,320 SF 1.83 ac lot Built 2017
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2017
Total area 14,320 SF
Lot 1.83 ac (79,715 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Quality Care ER Hospital
  • Access Cardiology Medical Clinic
  • TruCare Health Clinic Medical Clinic
  • Carolyn Robinson-Cowley FNP-BC Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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