- Description
- Details
FOR SALE+ The property at 601 Fall Creek Highway in Granbury, Texas, is a fully leased 16,464 SF medical office building. This single-tenant facility is 100% leased by Granbury Hospital Corporation (part of Community Health Systems/Lakeside Physicians), offering long-term stability through a NNN lease, which provides passive income for investors. The property also features excess land for potential expansion and a large parking ratio of 7.5 spaces per 1,000 SF, totaling 124 parking spaces.+ The building was built for the tenant in 2008 on 4.99 acres which was ground leased from the tenant for 50 years with two 25-year extension options. The ground lease expense is passed through as CAM.+ Granbury, named the Best Small Town in America by USA Today, is a thriving and attractive market for retirees and professionals. Approximately 35 miles southwest of Fort Worth, the town has seen 19% population growth since 2020, with a median household income of $96,000 and a high proportion of residents over 45, making it an ideal market for medical and healthcare services.+ Fall Creek Medical Plaza offers investors a stable income-producing asset in a high-demand healthcare market, with opportunities for future growth and development in one of Texas’ most desirable small towns.
- Property Type : HealthCare
- Class : B
- Listing Size : 16,464
- Year Built : 2008
- Stories : 0
- Typical Floor Size : 16,320
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