Investment Overview

The subject asset provides qualified investors the opportunity to acquire a value-added medical office property with additional developable acreage adjacent to a major hospital renovation in Kilgore, Texas. The 9,828 s/f building sits on almost one acre, with two additional acres primed for development. A potential buyer could use the additional acreage to expand the existing facility or build another income-producing office to greatly increase potential cash flow. The entire facility is currently leased up to Christus Good Shepherd Hospital on a gross lease which is using the property in anticipation of moving into the renovated facility next door. There is one, one-year option remaining with a strong rental increase built-in, and the current owner has renovated the building and begun rehabbing the roof. The property is also below market rent-wise, giving any potential buyer additional upside with the existing building. Kilgore, Texas is an oil-rich city in east Texas that has benefited greatly from industrial and educational employers. With almost 20,000 residents in a five-mile radius, this location boasts a strong customer base and with limited competition in the market is ideal for any tenant or developer looking to break into the market. With the strong synergy from the brand new hospital and growing medical corridor, this property has fantastic potential, with above-average traffic counts and visibility from S. Henderson Boulevard.