Fully Leased Medical Office Building For Sale

Highlights:

• Two-tenant medical investment (dental & ortho)
• ±8 years remaining on 10-year NNN leases
• Offered at $2.8 MM | 6.63 % cap | NOI $185K+
• 2023 Class A construction | modern buildouts
• True NNN leases | minimal landlord responsibility
• Strong tenant buildout & capital investment
• Growing Castroville location | San Antonio MSA
• Recession-resistant medical sector stability

Description:

1314 Constantinople Street is a premier, fully leased medical office building located in the heart of Castroville, Texas—known as the charming “Little Alsace of Texas”—just 25 miles west of downtown San Antonio. This ±5,028 square foot, single-story asset sits on a ±17,298 square foot lot (APN: 13647) and was originally constructed in 1988, with comprehensive renovations completed in 2019 and 2022.

The property is offered at $2,800,000, representing a 6.63% cap rate based on in-place Net Operating Income (NOI) of approximately $185,460. Both long-term dental and orthodontic tenants operate under NNN lease structures, providing reliable income with minimal landlord obligations.

Strategically positioned along the thriving U.S. Highway 90 corridor, Castroville is experiencing rapid residential and commercial growth—over 7,000 new home starts and rising median home prices—fueling strong, ongoing demand for essential healthcare services. This property offers investors a stable, recession-resistant asset in a high-growth San Antonio MSA submarket.

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