Precision Spine Care | Medical Investment
116 Christie Street, Lufkin, TX 75904
Price: $1,490,000
Status: Sold
Cap Rate: 5.75%
Year Built: 1998
NOI: $85,654
Lot Size: 1.62 acres
Price Per Foot: $297
Lease Type: Modified Triple-Net (NNN)
Remaining Term: 10+ Years
GLA: 5,010 sqft
Property Intro
Lee & Associates and Bang Realty-Texas, Inc. is pleased to exclusively offer for sale to qualified investors, the opportunity to acquire the fee simple interest (land & building) in a Precision Spine Care investment property located at 116 Christie Drive in Lufkin, Texas (“The Subject Property”). The property was built in 1998 and consists of a single story 5,010 square foot building that sits on roughly 1.62 acres. Lufkin, Texas is located roughly 121 miles north of Houston and 117 miles southeast of Dallas, Texas.
The property is leased to Roseland Management, LLC dba Precision Spine Care (www.precisionspinecare.com) on a long-term modified triple-net (NNN) master lease. Founded in 2004 and based in Tyler, Texas, Precision Spine Care is comprised of board certified and fellowship trained neurosurgeons and interventional pain management specialists with 8 locations across East Texas and Georgia.