$ 750,000
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$750,000
Price -
0
Bed -
0
Bath -
5,120
SqFt
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About the Listing ERMT01 - 0854766
6.04% CAP RATE - 5,120 SF - ±4 YEARS 4 MONTHS REMAINING - NATIONAL-BRAND FRANCHISE TENANT Income-producing commercial investment opportunity with an established tenant in place. This 5,120 SF property offers approximately 225 feet of frontage along Highway 69, 40 parking spaces, sprinklered and landscaped grounds in a high-traffic, highly visible location directly across from Hunt Regional Medical Center. The current tenant is a multi-unit franchisee operating under the largest gym franchise in the world. The tenant began a new 5-year lease term on November 25, 2025, providing approximately 4 years and 4 months of remaining lease term, with an additional 5-year option featuring a 10% rent increase. At the current listing price, the property offers an approximate 6.04% cap rate. Highway 69 frontage, proximity to Hunt Regional Medical Center, ample parking, and an established national-brand franchise location combine to create a compelling opportunity for an investor seeking an income-producing commercial asset with long-term lease potential. Contact listing agent for lease details, financial information, and additional property documentation.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Electric
- Heating: Electric
- Fireplaces:
- Floor: Concrete
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Cleared,Few Trees,Landscaped,Leasehold,Sprinkler System,1 to < 3 Acres
- Garage Capacity: N/A
- Lot Dimensions: 224x198
- Zoning: Commercial
- Roof: Metal
- Others: Preowned
- Sewer:
- Parking Features: Additional Parking,Assigned,Common,Concrete,Direct Access,Parking Lot,Private
Financial Details
- Tax Amount: $14,830
- Taxes w/Assessments: N/A
- Tax/Property ID: 217670
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
4800 Joe Ramsey Boulevard E Greenville, TX 75401
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