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6051 Garth #300 Rd - Commercial Medical Office Condo

3,920 SF Health Care Building Offered at £871,287 at a 8.51% Net Initial Yield in Baytown, TX 77521

Investment Highlights

  • Excellent Investment Opportunity! Income Producing, profitable leased commercial location
  • 3920 sq.ft. Individually owned/operated attached commercial condo
  • 1.8 Miles from Baytown Methodist Hospital
  • Fully leased to single tenant for 7 years with 2 5-yr renewal options
  • High Visibility location on Garth Road w/in 1 mile from I-10
  • Reception, offices, bathrooms

Executive Summary

Leased property with 7 year lease with tenant renewal options through year 17. Lease start date Jan 10, 2024 running through Jan 10 2031 with 2 5-year renewal periods through Jan 10 2041. Average lease amount is $7800/month NNN. Tenant pays own utilities and cap rate is exclusive of taxes/insurance/maintenance as those are paid by tenant. Lease rate escalates each year with final year at $9,193/month. Property consists of a commercial condo - 3920 sq.ft. in a 1-story medical strip center with high visibility on Garth Rd only 1 mile from I-10.

Attachments

Garth Offer Memorandum

Property Facts

Price £871,287 Lot Size 0.38 AC
Price Per Bed £871,287 Building Size 3,920 SF
Sale Type Investment No. Beds 1
Net Initial Yield 8.51% Number of Floors 1
Sale Conditions
Sale & Leaseback
  • Portfolio Sale
 Year Built/Renovated 2011/2017
Property Type Health Care
Price £871,287
Price Per Bed £871,287
Sale Type Investment
Net Initial Yield 8.51%
Sale Conditions
Sale & Leaseback
  • Portfolio Sale
Property Type Health Care
Lot Size 0.38 AC
Building Size 3,920 SF
No. Beds 1
Number of Floors 1
Year Built/Renovated 2011/2017

Amenities

  • Wheelchair Accessible
  • Smoke Detector

Room Mix Information

Description No. Beds
Medical Space - Leased 0
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6051 Garth #300 Rd, Baytown, TX - aerial map view

PROPERTY TAXES

Parcel Number 1334680000003 Improvements Assessment £685,181
Land Assessment £156,372 Total Assessment £841,552

PROPERTY TAXES

Parcel Number
1334680000003
Land Assessment
£156,372
Improvements Assessment
£685,181
Total Assessment
£841,552
(713) 305-9924

Contact

  • Listing ID: 32770590

  • Date on Market: 12/08/2024

  • Last Updated:

  • Address: 6051 Garth #300 Rd, Baytown, TX 77521

The Health Care Property at 6051 Garth #300 Rd, Baytown, TX 77521 is currently available for sale. Contact Gary Greene Commercial Real Estate for more information.

Nearby Listings

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6051 Garth #300 Rd, Baytown, TX for sale Building Photo- Image 1 of 8
Front of Unit
6051 Garth #300 Rd, Baytown, TX for sale Building Photo- Image 2 of 8
Garth4
6051 Garth #300 Rd, Baytown, TX for sale Building Photo- Image 3 of 8
Street View
6051 Garth #300 Rd, Baytown, TX for sale Building Photo- Image 4 of 8
3920 sq.ft.- center section
6051 Garth #300 Rd, Baytown, TX for sale Building Photo- Image 5 of 8
entire complex shown. Subject is 3920 sq.ft of complex
6051 Garth #300 Rd, Baytown, TX for sale Aerial- Image 6 of 8
yellow dot is location
6051 Garth #300 Rd, Baytown, TX for sale Building Photo- Image 7 of 8
Conveniently located

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6051 Garth #300 Rd - Commercial Medical Office Condo
(713) 305-9924 x

6051 Garth #300 Rd - Commercial Medical Office Condo

Norman Frenk

(713) 305-9924

(713) 305-9924

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