620 San Patricio AveMathis, TX 78368

Property Details for 620 San Patricio Ave

Lot size

0.35 AC

Property size (Sq ft)

2,680 SF

Property type

Other commercial real estate

APN

2139-0004-0040-040

APU

213900040040040

Description

This exceptional investment opportunity presents a fee-simple, single-tenant medical office building in Mathis, Texas. The 2,600 square foot property, built in 1993 and situated on a 0.35-acre lot, is 100% occupied by Smilepoint Dental Group under a new 10-year NNN lease with 2% annual rent increases and three 5-year renewal options. The lease includes a corporate guarantee, minimizing landlord responsibilities. The asking price is $756,364, representing a compelling $290.91 per square foot and an 8.25% cap rate, projected to exceed 9.03% over the initial lease term due to the annual rent escalations. Smilepoint Dental Group, a rapidly expanding DSO with 25+ locations across Texas and New Mexico, provides a wide range of dental services, including family dentistry, pediatrics, dentures, implants, orthodontics, and Invisalign. The property enjoys a highly visible location directly across from an H-E-B grocery store, ensuring consistent foot traffic and brand awareness. This investment offers a strong return, minimal landlord responsibilities, and the stability of a healthcare tenant in a growing industry. The property features one single-story building. The investment sub-type is categorized as Net Lease, Dental, Healthcare, and Sale Leaseback.

• Alternative Use

  Use

  Valuation

  Residential

  $415,372

  Hospitality

  $380,478

  Educational

  $316,554

  Medical

  $327,440

  Retail

  $492,417

Location Insight

City

Mathis

County

San Patricio

State

Texas

Latitude

28.0901

Longitude

-97.8233

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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