709 Barton St
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709 Barton St
6,000 SF Office Building Hearne, TX 77859 $500,000 ($83/SF) 14.40% Cap Rate
Investment Highlights
- 2nd generation medical office/clinic
- Monument signage along Barton Street
- Covered drive thru-building entrance
- Hard corner location with ample parking
- Generac generator, for backup power
- Offered at $83.33/SF, a significant discount to replacement cost.
Executive Summary
OLDHAM GOODWIN is pleased to present 709 Barton Street in Hearne, Texas. A 6,000 SF medical office/clinic located at the hard corner of Barton and Pine Streets. The brick building is centered on a 0.33-acre tract, with a less than 5-year-old composition shingle roof. The interior was renovated in 2021 and includes a partially finished attic/storage space. There are 24 parking spaces split evenly on the East and West sides of the building, in addition to the available street parking. The building also enjoys a covered drive-thru entrance on the South side of the building. The property is located just off Highway 79 and Highway 6, and slightly over a half mile South of the downtown area. The property is under a short-term NNN lease with an annual base rent of $72,000. The lease runs through the end of May 2026.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built/Renovated
1986/2021
Price
$500,000
Price Per SF
$83
Cap Rate
14.40%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,000 SF
Building FAR
0.44
Lot Size
0.31 AC
Zoning
LR - Local Retail
Parking
22 Spaces (3.67 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Reception
- Central Heating
- Partitioned Offices
- Monument Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 080300-000180 | Improvements Assessment | $686,364 |
| Land Assessment | $30,192 | Total Assessment | $716,556 |
PROPERTY TAXES
Parcel Number
080300-000180
Land Assessment
$30,192
Improvements Assessment
$686,364
Total Assessment
$716,556
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709 Barton St
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