Current Use by Public Records
- Retail properties & Spaces
Property Details for 413B Us-59
- Year built
- 2014
- Lot size
- 0.86 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This exceptional investment opportunity presents a 6,342 square foot medical office building in Atlanta, Texas, currently 100% occupied by a credit-rated DaVita dialysis clinic under a Net Lease agreement. The property, built in 2014 and boasting a 4-star Medicare rating, features a 4.1-year remaining lease term with two, 5-year renewal options, each including a 10% rent increase. The tenant, a corporate guarantor, has significantly expanded operations since the initial lease commencement on February 15, 2014, increasing stations from 7 to 12 (with a 13th reserved), and expanding shifts from one to two, maintaining hours from 5:45 AM to 4:30 PM, Monday through Saturday. Recent capital improvements include a new HVAC unit (August 2023) and a new roof (January 2025). The property sits on a 0.86-acre lot and generates a strong Net Operating Income (NOI) of $148,446, resulting in an attractive 7.24% cap rate. The asking price is $2,050,000. This fee-simple ownership offers a stable, high-performing investment with significant upside potential. The property's address is 413B US-59, Atlanta, TX 75551. The APN is 767909.
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
- Atlanta
- County
- Cass
- State
- Texas
- Longitude
- -94.1801
- Latitude
- 33.1229
