5,120 sqft

$750,000

4800 Joe Ramsey Boulevard E, Greenville TX, 75401

Price per sqft$146.48

Built in2014

Property size5,120 sqft

Property typeCommercial

Overview

Active

Updated 9 days ago

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.

Additional information

MLS^® ID: 21356962

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 1 Acre

Other Property Details

Taxes: $14,830
Tax Frequency: Annually

Listed by James Hulett with Century 21 First Group
Listing Contact: 903-568-3888

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 9/30/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/30/2026 at 4:10 AM UTC