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Single-Tenant Office Medical

Berkeley Eye Center

117 Circle Way St, Lake Jackson, TX 77566

Listing Price: $1,525,000

Cap Rate
6.49%
Tenant Name
Berkeley Eye Center
Gross SF
5,500
Guarantor
Corporate Guarantee
Rentable SF
5,500
Price/Gross SF
$277.27
Lease Type
Absolute Net
Rent Per Square Feet
$18.00

Investment Overview

Marcus & Millichap is please to present 117 Circle Way Street, Lake Jackson, Texas. The subject property is an approximately 5,500-square foot single tenant medical office building and is situated on 0.17 acres land. The property is 100% occupied by one tenant, Berkeley Eye Center, a leading eye care provider with over 25 locations including 6 ASC's located throughout Houston, Texas and surrounding cities. The property is being offered as an Absolute Triple Net (NNN) lease and the tenant will execute a new 10 year lease with 2% annual increases upon Close of Escrow. The property is zoned (B2) central business commercial and was constructed in 2002 and has been substantially updated as a professional medical office building. Berkeley Eye Center - Lake Jackson is easily accessible facing Circle Way Street and is less than 1-mile from I-288 and 0.75 miles from St. Luke's Health - Brazosport Hospital. Lake Jackson is approximately 50-miles from Downtown Houston, 40-Miles from Galveston and is situated in the middle within 10-miles of Angleton, Freeport and Surfside Beach, Texas. There are several major employers such as Dow Chemical and LNG that are within minutes of Downtown Lake Jackson. The Berkeley Eye Center property provides an investor with a long-term passive absolute triple net lease with zero landlord responsibilities with 2% annual increases.

Investment Highlights

  • 100% Occupied Medical Office Building
  • Absolute Triple Net (NNN) With Zero Landlord Responsibilities
  • 2% Annual Increases

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Single-Tenant Office Medical

Berkeley Eye Center

Listing Price: $1,525,000

Cap Rate
6.49%
Tenant Name
Berkeley Eye Center
Gross SF
5,500
Guarantor
Corporate Guarantee
Rentable SF
5,500
Price/Gross SF
$277.27
Lease Type
Absolute Net
Rent Per Square Feet
$18.00

Investment Highlights

  • 100% Occupied Medical Office Building
  • Absolute Triple Net (NNN) With Zero Landlord Responsibilities
  • 2% Annual Increases

Investment Overview

Marcus & Millichap is please to present 117 Circle Way Street, Lake Jackson, Texas. The subject property is an approximately 5,500-square foot single tenant medical office building and is situated on 0.17 acres land. The property is 100% occupied by one tenant, Berkeley Eye Center, a leading eye care provider with over 25 locations including 6 ASC's located throughout Houston, Texas and surrounding cities. The property is being offered as an Absolute Triple Net (NNN) lease and the tenant will execute a new 10 year lease with 2% annual increases upon Close of Escrow. The property is zoned (B2) central business commercial and was constructed in 2002 and has been substantially updated as a professional medical office building. Berkeley Eye Center - Lake Jackson is easily accessible facing Circle Way Street and is less than 1-mile from I-288 and 0.75 miles from St. Luke's Health - Brazosport Hospital. Lake Jackson is approximately 50-miles from Downtown Houston, 40-Miles from Galveston and is situated in the middle within 10-miles of Angleton, Freeport and Surfside Beach, Texas. There are several major employers such as Dow Chemical and LNG that are within minutes of Downtown Lake Jackson. The Berkeley Eye Center property provides an investor with a long-term passive absolute triple net lease with zero landlord responsibilities with 2% annual increases.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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