1520 W Frank Ave | Lufkin, TX 75904
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- LoopNet Team
1520 W Frank Ave
Lufkin, TX 75904
aQua Dialysis · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Absolute NNN Lease with 3.0% Annual Rental Increases | Tenant Has Already Been Here for 10 Years
- Dense Medical Corridor Near Two Major Hospitals - St. Luke's Health Memorial Hospital (167 beds) and Woodlawn Heights Medical Center (149 beds)
- Insulated From Macroeconomic Changes – Dialysis Treatment Continues to Rise in Patient Count
- Incredibly Successful Geographic Area for Tenant | Region Has Proven to Display Net Patient Growth
- Growing Industry with 800K+ Patients in U.S. Alone - Growing at an Initial Cap Compounded Rate of 4.50%
- Excellent Surrounding Demographics in Income Tax-Free State
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
8,000 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,000 SF
Building FAR
0.16
Lot Size
1.14 AC
Parking
40 Spaces (5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,235,020 | |
| Land Assessment | $324,080 | Total Assessment | $6,559,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$324,080
Improvements Assessment
$6,235,020
Total Assessment
$6,559,100
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