3328 University Dr, Nacogdoches, TX 75965
- Medical Office Space
- 8,000 SF
- 1.95 lot acres
Current Use by Public Records
- Carey Lindemann, MD / Pediatrician / Physician
- Lindemann Family Medicine / Medical Clinic
- Carey Jynette Lindemann / Pediatrician / Physician
- Jamie Cook, FNP-C / Physician
Property Details for 3328 University Dr
- Year built
- 2022
- Lot size
- 1.95 lot acres
- Property type
- Medical Office Space
Description
This exceptional 8,000 square foot medical office building presents a compelling investment opportunity in Nacogdoches, Texas. Situated on a spacious 1.95-acre lot, the property boasts a prime location between Nacogdoches Medical Center and Nacogdoches Memorial Hospital, ensuring high visibility and accessibility. Constructed in 2022, the building features high-quality construction and ample patient parking. The property is currently 100% occupied by Tenet Healthcare Corporation under a corporate-guaranteed, Net Lease (NNN) agreement with 8.5 years remaining. The lease includes annual rental escalations, offering inflation protection. At an asking price of $2,705,000, this represents a 6.00% cap rate and a price per square foot significantly below replacement cost. The current rent of $20.28 per square foot is below the average market rate of $24.64 per square foot in Nacogdoches. The tenant, Tenet Healthcare Corporation, is a large, financially stable company, mitigating risk. This investment offers a strong combination of location, tenant quality, and financial performance, making it an attractive addition to any portfolio. The property's location in Texas, a state with no state income tax, further enhances its appeal. The Net Operating Income (NOI) is $162,302.
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Location Insight
- Map
- Local Demand
- City
- Nacogdoches
- County
- Nacogdoches
- State
- Texas
- Longitude
- -94.6395061
- Latitude
- 31.635552
