1612 Texas AveBryan, TX 77803

For Sale
$2,990,057

7,344 SF, 7% Cap Rate, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 7,344-square-foot medical office building in Bryan, Texas, currently leased to U.S. Renal Care, a leading kidney care company. The property, built in 2009 on a 1.22-acre lot (APN 304939), is situated at 1612 N Texas Ave, 77803, offering convenient access to State Highway 21 and a major retail corridor. The current tenant, U.S. Renal Care, holds a triple-net (NNN) lease with a corporate guarantee, ensuring consistent income. The lease commenced December 15, 2009, and was recently extended through December 31, 2034, with two five-year renewal options. The lease includes favorable annual rent bumps of 1.5%, starting January 1, 2026. The property boasts a 100% occupancy rate and generates a strong net operating income (NOI) of $209,304, resulting in an attractive 7.00% capitalization rate. The asking price is $2,990,057 ($407.14 per square foot). This investment benefits from the stability of healthcare real estate, a strong tenant with a significant national presence, and the continued growth of Bryan, Texas, a city located in a zero-income tax state. The property's essential service nature and favorable lease terms make it an ideal addition to any diversified portfolio.

Property Details for 1612 Texas Ave

Property type
Other office properties, Medical offices
Square Feet
7,344 SF
Year Built
2009
Lot Size (sq. ft)
53,143 SF

Location Insight

City
Bryan
County
Brazos
State
Texas
Latitude
30.6888092
Longitude
-96.3734289
1612 Texas Ave, Bryan, Texas

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1612 Texas Ave
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