413B Us-59Atlanta, TX 75551

For Sale
$2,050,000

DaVita-leased, 7.24% cap rate, strong NOI.

Overview

Added:
Jan 24
Days on market:
49
This exceptional investment opportunity presents a 6,342 square foot medical office building in Atlanta, Texas, currently 100% occupied by a credit-rated DaVita dialysis clinic under a Net Lease agreement. The property, built in 2014 and boasting a 4-star Medicare rating, features a 4.1-year remaining lease term with two, 5-year renewal options, each including a 10% rent increase. The tenant, a corporate guarantor, has significantly expanded operations since the initial lease commencement on February 15, 2014, increasing stations from 7 to 12 (with a 13th reserved), and expanding shifts from one to two, maintaining hours from 5:45 AM to 4:30 PM, Monday through Saturday. Recent capital improvements include a new HVAC unit (August 2023) and a new roof (January 2025). The property sits on a 0.86-acre lot and generates a strong Net Operating Income (NOI) of $148,446, resulting in an attractive 7.24% cap rate. The asking price is $2,050,000. This fee-simple ownership offers a stable, high-performing investment with significant upside potential. The property's address is 413B US-59, Atlanta, TX 75551. The APN is 767909.

Highlights

  • $2,050,000 asking price for a 6,342 SF medical office building in Atlanta, TX.
  • Net lease investment with a 7.24% cap rate and $148,446 NOI.
  • 100% occupancy with DaVita as the tenant under a NNN lease with corporate guarantee.
  • 15-year lease (originally commencing 02/15/2014) with 4.1 years remaining and two 5-year options, including 10% rent bumps every 5 years.
  • Recently renovated with a new HVAC (August 2023) and roof (January 2025).

Property Details for 413B Us-59

Property type
Other retail properties, Other office properties
Square Feet
6,342 SF
Year Built/Renovated
2014/2029
Lot Size (sq. ft)
37,462 SF

Location Insight

City
Atlanta
County
Cass
State
Texas
Latitude
33.1229042
Longitude
-94.1800717
413B Us-59, Atlanta, Texas

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413B Us-59
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