- 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
Investment Offering
Palestine, TX - Aspen Dental & Xpress Wellness Urgent Care
1960 TX-256 Loop | Palestine, TX 75801
$5,209,000
Price6.35%
Cap Rate$330,750
NOI2025
Year Built100%
Occupancy7,000
± SF Offering GLA0.7
± AC Land AreaDescription
Location
- The asset is located at the signalized hard corner intersection of Highway 256 and Highway 19 which supports more than 38,500 vehicles per day
- The subject property is strategically located within Palestine Mall, a 240,000 SF Community Center anchored by a new Academy Sports, Boot Barn, Bealls, Aaron’s, Shoe Sensation, and Chick-fil-A
- The site is positioned directly across the street from a high-performing Walmart Supercenter, ranking in the 93rd percentile nationwide (Placer.Ai)
- Other nearby national/credit tenants include Lowes, Aldi, Ross, Marshalls Tractor Supply, Hobby Lobby, Anytime Fitness, and more
- Strong tenant synergy increases consumer draw to the immediate trade area
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215