3328 University Dr Nacogdoches, TX 75965

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.