928 Highway 123 BypSeguin, TX 78155

For Sale
$4,278,385

High-yield NNN medical office, Texas.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 7,576-square-foot medical office building in Seguin, Texas, situated on a 1.63-acre lot at 928 N Hwy 123 Bypass, zip code 78155. The property, built in 2024, boasts 100% occupancy with a strong corporate-guaranteed tenant, Parachute Plasma, under a 20-year triple-net (NNN) lease. The lease commenced upon closing and features attractive 2% annual rent increases, beginning in year two, and includes four, five-year renewal options. The current annual net operating income (NOI) is $288,791, representing a compelling 6.75% capitalization rate. The asking price is $4,278,385, translating to a price per square foot of $564.73. This is a single-tenant, specialty medical office investment offering significant long-term stability and passive income potential. The property's location in Guadalupe County provides excellent access and visibility. This is a rare opportunity to acquire a high-quality, net-leased medical office building with a strong tenant and a secure long-term income stream. The lease structure ensures minimal landlord responsibilities, maximizing the return on investment. This property is ideal for investors seeking a stable, high-yield addition to their portfolio.

Highlights

  • 20-Year Triple-Net (NNN) Lease with no landlord responsibilities.
  • New 20-year absolute NNN lease at closing.
  • 2% annual rent increases starting year two, plus four and five-year renewal options.
  • Corporate guarantee from Join Parachute (23+ locations).

Property Details for 928 Highway 123 Byp

Property type
Other office properties, Medical offices
Square Feet
7,576 SF
Year Built
2024
Lot Size (sq. ft)
71,003 SF

Location Insight

City
Seguin
County
Guadalupe
State
Texas
Latitude
29.5618795
Longitude
-97.9436575
928 Highway 123 Byp, Seguin, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
928 Highway 123 Byp
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message