620 San Patricio Ave Mathis, TX 78368-2429

Property Details for 620 San Patricio Ave

Lot size

0.35 lot acres

Property size

2,680 SF

Property type

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.