5503 State Line AveTexarkana, TX 75503

For Sale
$3,524,494

High-yield, NNN-leased medical building

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 11,786 sq ft medical office building in Texarkana, TX, presents a compelling investment opportunity. Currently 100% occupied under a Net Lease with a single tenant, Starling Clinic, the property boasts a strong 7.30% cap rate and a substantial NOI of $257,288. The lease, commencing April 1, 2017, and expiring September 30, 2029, features a remaining term of 4.9 years with built-in rent bumps of 2% annually and 10% at each option period. The single-story building, constructed in 2007, sits on a 2.5-acre lot and includes 63 parking spaces. The property's amenities include 36 exam rooms, 9 bathrooms, 3 nurses' stations, 2 break rooms, and 2 labs. A significant advantage is the on-site generator capable of powering the entire building. Located conveniently 3/10 of a mile north of Interstate 30, this property offers both immediate returns and long-term growth potential in a desirable Texas location, benefiting from the state's income tax-free status. The building is priced at $3,524,494 and represents a below-replacement-cost investment opportunity. The absolute NNN lease structure minimizes landlord responsibilities, further enhancing the investment's appeal. This is an ideal addition to any diversified real estate portfolio seeking stable, high-yield returns.

Highlights

  • 36 exam rooms, 9 bathrooms, 3 nurses' stations, 2 break rooms, and 2 labs.
  • Full-building generator backup power.
  • 2% annual rent increases with 10% increases at each option period.
  • Located in Texas, offering income tax-free benefits.
  • Offered below replacement cost.
  • Absolute NNN lease.

Property Details for 5503 State Line Ave

Property type
Other office properties, Medical offices
Square Feet
11,786 SF
Year Built
2007
Buildings
1
Stories
1
Lot Size (sq. ft)
108,900 SF

Location Insight

City
Texarkana
County
Bowie
State
Texas
Latitude
33.476039339197
Longitude
-94.043262050476
5503 State Line Ave, Texarkana, Texas

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5503 State Line Ave
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