Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a newer-construction medical office investment in Wichita Falls, Texas, offered at $2,650,000, representing an attractive 9.07% capitalization rate. The offering equates to approximately $245 per square foot based on the 10,796-square-foot building and approximately $13.73 per square foot based on the property's 4.43-acre site that is also zonned industrial. The property is secured by an established medical tenant with approximately 6 years and 5 months of remaining lease term, extending through February 28, 2033. Lease obligations are backed by North Central Texas Community Health Care Center, Inc., an established regional nonprofit healthcare organization and Federally Qualified Health Center serving the North Central Texas market. The lease structure also features minimal landlord responsibilities, providing ownership with a relatively passive investment profile and limited ongoing operational obligations. The asset is situated on approximately 4.43 acres, with a significant portion of the site providing additional value-creation potential. The excess land is already zoned for industrial use, creating the opportunity to potentially parcel off and sell a portion of the site or develop additional industrial product alongside the existing medical investment. The property further benefits from newer construction, a specialized medical-use configuration, and an established multi-provider pediatric practice. With a 9.07% going-in yield, approximately 6 years and 5 months of remaining lease term, regional healthcare guaranty, minimal landlord responsibilities, and industrial-zoned excess land, the offering combines stabilized current income with a compelling embedded value-add component.