1820 County Rd 36 Angleton, TX 77515-8727
- Residential income homes
- 8,780 SF
- 10.13 lot acres
Current Use by Public Records
- Serenity Light Recovery Center / Alcoholism Treatment Program / Rehabilitation Center
Property Details for 1820 County Rd 36
- Year built
- 1900
- Lot size
- 10.13 lot acres
- Property size
- 8,780 SF
- Property type
- Residential income homes
- Property subtype
- Serviced apartments
- APN
- 0122-0036-120
- APU
- 1220036120
Description
This exceptional investment opportunity presents a fee-simple ownership interest in a 25,000-square-foot medical office building in Angleton, Texas. The property, built in 1900 and renovated in 1993, sits on a 10.13-acre lot at 1820 County Rd 36, 77515. Currently 100% occupied by Serenity Light Recovery, a well-established addiction treatment center operating since 2014, the property is offered at $5,555,556, representing a price per square foot of $222 and a 9% cap rate. The absolute NNN lease boasts a remaining term of 15 years with 2.5% annual rent bumps and ten 5-year options, ensuring long-term, stable income. The tenant handles all property taxes, insurance, and maintenance, providing a truly passive investment. The center's strong operating history and positive online reviews, averaging 4.8 out of 5 stars, demonstrate its success and market position within the Houston MSA, the fifth most populous in the U.S. The lease's built-in inflationary protection, coupled with Texas's zero income tax, makes this a compelling investment in a recession-resistant sector. The NOI is $500,000. This is a sale-leaseback transaction.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Angleton
- County
- Brazoria
- State
- Texas
- Longitude
- -95.4861
- Latitude
- 29.2763
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
