Palestine, TX - Aspen Dental & Xpress Wellness Urgent Care

Description:

• The asset features brand-new 2025 construction, providing a future investor with modern, high quality, building designs, and reduced capital expenditure requirements in the near future
• The building totals 7,000 square feet and features two 3,500 SF suites occupied by essential, e-commerce-resistant medical service tenants
• Both tenants recently signed brand-new 10-year leases featuring 10% annual rent increases throughout the initial term and at the start of each option period, providing a future investor with a significant hedge against inflation

• The asset is located at the signalized hard corner intersection of Highway 256 and Highway 19 which supports more than 38,500 vehicles per day
• The subject property is strategically located within Palestine Mall, a 240,000 SF Community Center anchored by a new Academy Sports, Trinity Community College, Bealls, Aaron’s, Shoe Sensation, and Chick-fil-A
• The site is positioned directly across the street from a high-performing Walmart Supercenter, ranking in the 93rd percentile nationwide (Placer.Ai)
• Other nearby national/credit tenants include Lowes, Aldi, Ross, Marshalls Tractor Supply, Hobby Lobby, Anytime Fitness, and more
• Strong tenant synergy increases consumer draw to the immediate trade area

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Listing ID: a28TP000002WI8jYAG