2402 Sam Houston Ave Huntsville, TX 77340

Property Details for 2402 Sam Houston Ave

Year built

1971

Lot size

0.41 lot acres

Property size

3,525 SF

Property type

Medical offices

Property subtype

Medical space

APN

35912

APU

35912

Description

This fee-simple medical office building in Huntsville, TX, presents a compelling investment opportunity. The 3,525 square foot property is currently 100% occupied by Copeland Family Dentistry under a net lease agreement with a remaining term of approximately 3.1 years. The lease commenced December 9, 2022, and expires December 31, 2027, with a 5-year option. The annual rent includes a 2% increase, offering predictable income growth. The property boasts a strong NOI of $50,368, translating to a 6.30% cap rate and a price per square foot of $226.67. Built in 1971, the single-building property sits on a 0.41-acre lot at a signalized corner location with high traffic counts (28,294 cars per day). Its strategic location is less than half a mile south of Sam Houston State University, benefiting from a large student population (21,000 students) and proximity to over 2,200 apartment units within a two-mile radius. The roof recently underwent sealing, complete with a new 5-year workmanship and material warranty. Copeland Family Dentistry is part of a larger multi-unit operator with 43 locations, 32 of which are in Texas. This specific location demonstrates outstanding unit-level revenues, with a rent-to-sales ratio under 4%. The property is located at 2402 Sam Houston Ave, Huntsville, TX 77340. Further details regarding rent bumps are available in the offering memorandum. This is a rare opportunity to acquire a stable, high-performing asset in a growing Texas market.

Location Insight

City

Huntsville

County

Walker

State

Texas

Longitude

-95.549

Latitude

30.7069

CBSA code

26660

CBSA name

HUNTSVILLE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments