SNG Dialysis

  • Medical
Lufkin, TX
Location: Texas


  • Building Size: 8,000 sq/ft
  • Cap Rate: 8.37 %
  • Status: Available
$2,245,000.00

Property Information

  • Type: Medical
  • Net Operating Income : $187,992
  • Price per sq/ ft : $280.63
  • Net Cash Flow - Current : 8.37%
  • Lot Size : 1.14 acres
  • Year Built : 2014
  • Building Size : 8000
  • Cap Rate : 8.37
  • Loan Type : NN
  • Status : Available

Investment Overview

Marcus & Millichap is pleased to offer this SNG Dialysis is located at 1520 West Frank Avenue in Lufkin, Texas, near the towns downtown area in a busy retail corridor. The 8,000 square foot property was built-to-suit in 2014, completed with a covered drop-off point for dialysis patients, and situated on 1.14 acres. It is also strategically placed less than a mile from a large hospital and surrounded by other medical care buildings.

SNG Dialysis which is a rapidly expanding, doctor-owned dialysis provider, with over 20 location across Texas, Louisiana, and Oklahoma. SNG has invested significant capital into the property and it has already become one of their busiest locations. This asset provides an investor with a well-located property that is leased to a well-performing tenant with significant incentive to stay
long term. It also generates strong unleveraged returns that can be bolstered by attractive financing options.

Lufkin is a city in and the county seat of Angelina County in eastern Texas, United States. The city is located northeast of Houston in East Texas and had a population of 35,837 as of 2017.

Investment Highlights

• Double-Net Lease Through June of 2024
• Minimal Landlord Responsibilities
• 4.5% Rent Bump in 2019
• Close Proximity to Major Area Hospital
• High-Visibility Location Along Frank Ave

Facilities

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Contact Agent

Geoff Ficke

First Vice President Investments Director, Net Leased Properties National Office and Industrial Properties

License: TX 0593051

Michael Hansen

Medical Specialist

License: TX 687468