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2-Tenant Medical Pad | 100% Occupied 1960 S Loop 256 7,000 SF 100% Leased 4-Star Retail Building Palestine, TX 75801 $7,200,922 CAD ($1,028.70 CAD/SF) 6.35% Cap Rate
Investment Highlights
- 100% Occupied | 2025 Construction | Options to Extend | Scheduled 10% Rental Increases | Brand-New 10-Year Leases
- Strong Demographics in Nearby Trade Area
- Signalized, Hard Corner Intersection | Palestine Mall (240,000 SF) | Strong National/Credit Tenants | Highway 256 (23,700 VPD)
Executive Summary
• The asset features brand-new 2025 construction, providing a future investor with modern, high quality, building designs, and reduced capital expenditure requirements in the near future
• The building totals 7,000 square feet and features two 3,500 SF suites occupied by essential, e-commerce-resistant medical service tenants
• Both tenants recently signed brand-new 10-year leases featuring 10% annual rent increases throughout the initial term and at the start of each option period, providing a future investor with a significant hedge against inflation
• The building totals 7,000 square feet and features two 3,500 SF suites occupied by essential, e-commerce-resistant medical service tenants
• Both tenants recently signed brand-new 10-year leases featuring 10% annual rent increases throughout the initial term and at the start of each option period, providing a future investor with a significant hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$7,200,922 CAD
Price Per SF
$1,028.70 CAD
Cap Rate
6.35%
NOI
$457,229 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.30 AC
Zoning
RC - Retail Commercial
Parking
31 Spaces (4.43 Spaces per 1,000 SF Leased)
Amenities
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,482,867 CAD | |
| Land Assessment | $664,379 CAD | Total Assessment | $2,147,246 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$664,379 CAD
Improvements Assessment
$1,482,867 CAD
Total Assessment
$2,147,246 CAD
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2-Tenant Medical Pad | 100% Occupied | 1960 S Loop 256
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