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Single-Tenant Office Medical

Clinton Dr

2205 Clinton Dr, Galena Park, TX 77547

Listing Price: $797,000

Tenant Name
N/A
Gross SF
3,340
Guarantor
No Guarantee
Rentable SF
3,340
Price/Gross SF
$238.62
Lease Type
Triple Net (NNN)

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, the medical of?ce building at 2205 Clinton Dr (the "Property") and the dental practice known as Wah Kong DDS (the "Practice"). The Property is a 2-unit, 3,340 square feet building located on Clinton Drive 1 mile away from Loop 610, a major thoroughfare passing through all of Houston. Both units are 1,670 square feet each. Unit 1 is occupied by Wah Kong DDS while Unit 2 is currently vacant.

The Practice that is for sale along with the real estate has been in operation for over 30 years and has a heavily relationship-based clientele that are primary cash patients. The current layout offers 3 operatories with room to add additional operatories. The buyer has the option to buy the Practice and have the current dentist work part-time for a transitionary period or take over completely at close.

The second unit is currently vacant and offers the buyer the option to expand the current practice, add an additional dental specialty such as orthodontics, or lease out the space and capitalize on the additional income.

This is an ideal opportunity for a new dentist starting their own practice or a dental group with a team and systems in place to maximize cash ?ow by creating efficiencies, minimizing expenses, adding services, and/or expanding the footprint. This Practice is in an area that only has 2 other dental practices within a two-mile radius. Additionally, the Practice is within 0.6 miles of Galena Park Elementary School, 0.8 miles of Galena Park Middle School and 1.1 miles of Galena Park High School.

Investment Highlights

  • Low Medicaid Patients Base
  • Option to expand dental practice or lease out second unit
  • Ideal opportunity for a new dentist starting their own practice or a dental group with a team and systems in place to maximize near-term value.

Exclusively Listed By

Single-Tenant Office Medical

Clinton Dr

Listing Price: $797,000

Tenant Name
N/A
Gross SF
3,340
Guarantor
No Guarantee
Rentable SF
3,340
Price/Gross SF
$238.62
Lease Type
Triple Net (NNN)

Investment Highlights

  • Low Medicaid Patients Base
  • Option to expand dental practice or lease out second unit
  • Ideal opportunity for a new dentist starting their own practice or a dental group with a team and systems in place to maximize near-term value.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, the medical of?ce building at 2205 Clinton Dr (the "Property") and the dental practice known as Wah Kong DDS (the "Practice"). The Property is a 2-unit, 3,340 square feet building located on Clinton Drive 1 mile away from Loop 610, a major thoroughfare passing through all of Houston. Both units are 1,670 square feet each. Unit 1 is occupied by Wah Kong DDS while Unit 2 is currently vacant. The Practice that is for sale along with the real estate has been in operation for over 30 years and has a heavily relationship-based clientele that are primary cash patients. The current layout offers 3 operatories with room to add additional operatories. The buyer has the option to buy the Practice and have the current dentist work part-time for a transitionary period or take over completely at close. The second unit is currently vacant and offers the buyer the option to expand the current practice, add an additional dental specialty such as orthodontics, or lease out the space and capitalize on the additional income. This is an ideal opportunity for a new dentist starting their own practice or a dental group with a team and systems in place to maximize cash ?ow by creating efficiencies, minimizing expenses, adding services, and/or expanding the footprint. This Practice is in an area that only has 2 other dental practices within a two-mile radius. Additionally, the Practice is within 0.6 miles of Galena Park Elementary School, 0.8 miles of Galena Park Middle School and 1.1 miles of Galena Park High School.

Exclusively Listed By

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