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5016 Gilmer Rd
Longview, TX 75604
Precision Spine Care · Office Property For Sale
Investment Highlights
- Established Regional Operator: The property is operated by Precision Spine Care, which has eight locations across Texas and Georgia
- NNN Lease Structure: The leases are structured as triple-net (NNN), minimizing landlord responsibilities and reducing exposure to operating expense
- Growing Pain Management Sector: The U.S. pain management market is projected to expand from $27.9 billion in 2024 to $38.5 billion by 2033 (3.7% CAGR)
- Long-Term Lease Security: Both tenant leases have more than 10 years of remaining term, providing durable and predictable cash flow visibility
- Contractual 3% Annual Rent Increases: Each lease features 3% annual rental escalations, delivering consistent year-over-year cash flow growth
- Significant Build-to-Suit Investment: Tenant invested approximately $1.3M, reflecting substantial capital commitment and long-term dedication
Executive Summary
Broker of Record
Patrick Graham
License # License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,072 SF
Building Class
C
Year Built
2006
Price
$10,478,379 CAD
Price Per SF
$695.22 CAD
Cap Rate
6.50%
NOI
$681,095 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
15,072 SF
Building FAR
0.10
Lot Size
3.43 AC
Zoning
Office - Commercial
Property Taxes
| Parcel Number | 26664 | Improvements Assessment | $3,687,516 CAD |
| Land Assessment | $50,103 CAD | Total Assessment | $3,737,619 CAD |
Property Taxes
Parcel Number
26664
Land Assessment
$50,103 CAD
Improvements Assessment
$3,687,516 CAD
Total Assessment
$3,737,619 CAD
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