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603 State Highway 35 S
Port Lavaca, TX 77979

$1,225,000 USD

Health Club For Sale  •  4,530 SF

Property Details

  • Property Type Health Club
  • Total Building Size 4,530 SF
  • Lot Size 1.5 AC
  • Building Class C
  • Year Built 2013
  • Cap Rate 7.07 %
  • Tenancy Single
  • Zoning Retail
40 Walk Score

Highlights

Passive Investment: The lease is a NNN, allowing investors to enjoy a true passive investment.
Attractive Rental Increases: Attractive 2% rental increase, which hedges against inflation.
Surrounded by National Tenant: H-E-B, Ace Hardware, Walmart, Tractor Supply, Bealls, McDonalds, Wells Fargo, Sonic, Walgreens, CVS, DaVita Kidney
Younger Demographics: Located within 3 miles from Calhoun High School, Travis Medical School, HJM Elementary School, Sandcrab Football Stadium
Strong Access & Visibility: Strong accessibility & visibility to TX-35 which receives +21,400 VPD.
Cap Rate: 7.07 %

Major Tenants

Tenant SF Occupied Lease End Date
Next Care Urgent Care 2/17/2032
Twin Fountain Medical Clinics

Amenities

  • Signage
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Nathan Kam 866-889-0550 Matthews Real Estate Investment Services
Nathan Kam 866-889-0550 Matthews Real Estate Investment Services