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Building Size
11,000 SF
Land Size (Acres)
0.93 AC
Expense Structure
NNN
Property Use
Oncology, General Medical Office
Avg HH Income
$119,429 (1-mile)
INVESTMENT HIGHLIGHTS
NNN LEASE STRUCTURE - The property is subject to a NNN lease which provides potential investors with minimal Landlord responsibilities. This lease structure provides investors with a truly passive asset
BEST-IN-CLASS MEDICAL OPERATOR - Texas Oncology is an affiliate of US Oncology which is owned by McKesson, the nation's largest distributor of wholesale medical-surgical supplies and equipment. McKesson is a publicly traded company with a credit rating of A3 (Moody's).
MARKET PRESENCE- Texas Oncology is Bastrop County's premier cancer center for patients in Bastrop offering leading-edge cancer care and treatment. Texas Oncology is also the only oncology practice within the city limits.
ATTRACTIVE RENTAL INCREASES - The lease features 2% annual rental increases throughout the rest of the Initial Term as well as in the Renewal Option period.
AUSTIN MSA ACQUISITION OPPORTUNITY - The Austin metro area is the fourth-largest metropolitan area in Texas and the 26th largest in the United States with an estimated population of 2.27 million as of 2024.
STICKY LOCATION - The tenant used up a TI Allowance of $88,000 from April 16th, 2019 to April 15th, 2024 as well as just exercised their first renewal option (5 years). This shows the tenant's commitment to this specific location.
SUPERIOR VISIBILITY & TRAFFIC COUNTs - The property is strategically positioned off of State Highway 71 and TX 360 which see a combined 44,472 vehicles per day. The subject property is also situated in the heart of the most dense medical corridor in Bastrop.
