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1520 W Frank Ave
Lufkin, TX 75904

$3,021,231 USD

Medical For Sale  •  8,000 SF

Property Details

  • Property Type Medical
  • Total Building Size 8,000 SF
  • Lot Size 1.14 AC
  • Building Class B
  • Year Built 2014
  • Tenancy Single
0 Transit Score
34 Walk Score

Highlights

Brand New 15-Year Absolute NNN Lease with 3.0% Annual Rental Increases | Tenant Has Already Been Here for 10 Years
Incredibly Successful Geographic Area for Tenant | Region Has Proven to Display Net Patient Growth
Dense Medical Corridor Near Two Major Hospitals - St. Luke's Health Memorial Hospital (167 beds) and Woodlawn Heights Medical Center (149 beds)
Growing Industry with 800K+ Patients in U.S. Alone - Growing at an Initial Cap Compounded Rate of 4.50%
Insulated From Macroeconomic Changes – Dialysis Treatment Continues to Rise in Patient Count
Excellent Surrounding Demographics in Income Tax-Free State

Property Flyers

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Isaiah Harf 773-963-2637 Northmarq
Isaiah Harf 773-963-2637 Northmarq