List Search

2010 Bill Owens Pkwy
Longview, TX 75604

$1,663,200

Medical For Sale  •  7,137 Sq Ft

Property Details

  • Property Type Medical
  • Total Building Size 7,137 Sq Ft
  • Lot Size 1.33 ac
  • Building Class B
  • Year Built 2007
  • Cap Rate 7.50 %
0 Transit Score
9 Walk Score

Description

The Subject Property is located adjacent to the intersection of Bill Owens Parkway and H G Mosley Parkway (18K+ VPD) in Longview, Texas. The property benefits from the 7,500 residents living within 1 mile of the property and being strategically located near several large residential neighborhoods. The property was a strategic acquisition of Christus Health as it continues it's expansion of East Texas.

Longview is a city in East Texas and is one of the largest cities east of Dallas in the state.

Highlights

Medical Office Building - NNN Lease - Longview, TX
National Credit Tenant - Christus Health has a Moody's A1 Rating
Rental Increases Throughout Lease - Attractive 2% Annual Rental Increases
Strategic Location - Christus Recently Acquired Good Shepherd Hospital (3 Miles from Subject Property)
Christus Targeted this Office as a Key Location - Strong Referral Basis
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Christus Health System 7,137 SF 7/31/2024

Public Transportation

AirportDriveWalkDistance
Gregg County Airport 25 min - 14.9 mi
Branson Blackburn 325-864-9775 Trinity Real Estate Investment Services, LLC
Branson Blackburn 325-864-9775 Trinity Real Estate Investment Services, LLC