Current Use by Public Records
- James Doe / Pediatrician / Physician
- Shakira Nesha Dhamotharan / Pediatrician / Physician
- UTMB Health Pediatric & Adult Primary Care - Alvin / Medical Clinic / Pediatrician
- UTMB Health Primary & Specialty Care - Alvin / Medical Clinic
- Syed Kazmi / Pediatrician / Medical Clinic
Property Details for 2020 Highway 6
- Year built
- 2014
- Lot size
- 1.57 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional 10,100 square foot medical office building in Alvin, Texas, presents a compelling investment opportunity. Located at 2020 E Hwy 6, this single-story, 2014-built property sits on a 1.57-acre lot and is currently under a net lease with the University of Texas Medical Branch (UTMB Health), a financially robust hospital system with over $31.4 billion in revenue. The lease, with a remaining term of 4.8 years, commenced October 1, 2014, and expires September 30, 2029. It includes one five-year option remaining. Rent increases are tied to fair market value at the option period, ensuring future income growth. The property boasts a 6.25% cap rate and a net operating income (NOI) of $248,864, with a current price per square foot of $394.26. The asking price is $3,982,000. Situated within the Houston MSA and benefiting from a strong demographic base of over 252,000 residents within a 20-minute radius, this property offers a secure, income-producing asset in a tax-free state. The tenant's recent exercise of a lease option underscores their commitment to this location. This is a rare opportunity to acquire a below-market rent medical office building with a strong tenant 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
- Alvin
- County
- Brazoria
- State
- Texas
- Longitude
- -95.225
- Latitude
- 29.4219
