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Office Medical

Marshall Heights

903 N Fourth St, Longview, TX 75601

Listing Price: $755,200

Cap Rate
7.50%
Gross SF
5,168
Rentable SF
5,168
Price/Gross SF
$146.13
Year Built
1975
Lot Size
0.69 acres

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in 903-905 North 4th St, in Longview, Texas. The property is currently fully occupied by Elite Home Health Care.

The subject property was built in 1975 and has been well maintained by the seller for over the last six years. The current tenant, Elite Home Health Care, will be leasing back the entire property on a five-year, NNN lease at market rents with one, five-year extension with rent bumps.

The single-tenant, office building contains 5,168 square feet of total rentable area, and is conveniently located less than two miles away from Highway 80 and Highway 259, allowing for easy access to the property. The property is located on North 4th Street, across the street from Jennifer C Garner Occupational Therapist and next to Vintage Soul. The property benefits from strong demographics, serving a five-mile population of approximately 80,163 residents with a one-mile average household income exceeding $72,444.

Investment Highlights

  • Densely Populated Area with 80,163 Residents Within Five Miles
  • 5,168-Square-Foot, Single-Tenant Office Building
  • 5-Year NNN Sale-Leaseback with One 5-Year Option
  • 2% Annual Rent Bumps
  • Walking Distance From Good Shepherd Hospital
  • Minutes From Longview Regional Medical Center

Exclusively Listed By

Listing Price: $755,200

Cap Rate
7.50%
Gross SF
5,168
Rentable SF
5,168
Price/Gross SF
$146.13
Year Built
1975
Lot Size
0.69 acres

Investment Highlights

  • Densely Populated Area with 80,163 Residents Within Five Miles
  • 5,168-Square-Foot, Single-Tenant Office Building
  • 5-Year NNN Sale-Leaseback with One 5-Year Option
  • 2% Annual Rent Bumps
  • Walking Distance From Good Shepherd Hospital
  • Minutes From Longview Regional Medical Center

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in 903-905 North 4th St, in Longview, Texas. The property is currently fully occupied by Elite Home Health Care.

The subject property was built in 1975 and has been well maintained by the seller for over the last six years. The current tenant, Elite Home Health Care, will be leasing back the entire property on a five-year, NNN lease at market rents with one, five-year extension with rent bumps.

The single-tenant, office building contains 5,168 square feet of total rentable area, and is conveniently located less than two miles away from Highway 80 and Highway 259, allowing for easy access to the property. The property is located on North 4th Street, across the street from Jennifer C Garner Occupational Therapist and next to Vintage Soul. The property benefits from strong demographics, serving a five-mile population of approximately 80,163 residents with a one-mile average household income exceeding $72,444.

Exclusively Listed By

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