Single Tenant Net-Leased Medical Office - Five Point Dental Specialists
111 Professional Park Dr
Victoria, TX 77904
Highlights
- Primary term expires in May 2031; One, 5-Year Renewal Option with 5% escalation.
- Triple net lease; landlord only has structural responsibility.
- Well maintained building with substantial interior renovations and new windows in 2017.
- New roof in 2024.
- Long-standing tenant with established clientele; only maxillofacial surgery within 40+ miles.
Description
SVN | Traditions is pleased to offer the market this single tenant, net-leased medical office building. The tenant has been in place for many years and recently joined a large network to enhance operating efficiencies. The new lease commenced in May 2021 with a primary term expiring May 2031. Lease escalates to $94,500 in June 2026. There is one 5-year renewal option with 5% escalation. Landlord responsible for structural components.
This medical office is positioned in the cul-de-sac at the end of Professional Park Drive in Northcentral Victoria. Professional Park Drive consists of a grouping of freestanding, single tenant medical office buildings, just off of Mockingbird Lane, with convenient access to Loop 463/Zac Lentz Pkwy and the dense commercial development on N Navarro Street.
