Single Tenant Net-Leased Medical Office - Five Point Dental Specialists

111 Professional Park Dr Victoria, TX 77904

111 Professional Park Dr, Victoria, TX, 77904
Front Elevation
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FOR SALE
Property Type:
Medical/Healthcare
Amount:
$1,200,000
Last Verified:
Oct 05, 2024

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Highlights

  • Primary term expires in May 2026; Two, 5-Year Renewal Options with 5% escalations.
  • 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.

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 5-year term and two additional 5-year renewal options with 5% escalations. 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.


Year Built: 1982
Building Size: 5000sq ft
Building Class: B
Lot Size: 0.7 acres


Documents

SVN - Brochure (L)

Map of 111 Professional Park Dr, Victoria, TX, 77904

Presented by:
SVN | Traditions

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Travis Taylor


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