Cap Rate
7.50%
Price Per SF
$267
Gross SQFT
5,875
Year Built
2010
Occupancy
100%
Term Remaining
±7.4 YRS
NOI
$117,625
Property Type
Healthcare
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- PASSIVE NNN LEASE STRUCTURE: This is a long-term NNN lease with minimal landlord responsibilities, providing a passive investment vehicle for both local and out-of-state investors.
- RECESSION RESISTANT ASSET CLASS: Healthcare is considered recession-resistant due to the essential nature of its services, which maintains consistent demand even during economic downturns. The critical need for behavioral health treatments ensures stable revenue streams, supported by government funding and insurance coverage, making these properties a secure investment in uncertain economic times.
- INFLATIONARY PROTECTED LEASE: The lease features 2% annual rent increases, providing a significant boost to cash flow, an effective equity appreciation tool, and a strong hedge against inflation for investors.
- STRATEGICALLY SELECTED HIGH-INCOME MARKET: This clinic is strategically situated in an affluent market with an average household income of $122,000 within a five-mile radius of the property.
- TAX-FREE STATE: Texas is one of the nine income tax-free states in the U.S.
- GROWING OPERATOR: EyeSouth Partners occupies this facility and continues to grow as it partners with various practices throughout the eastern region of the US. With 105+ practices in 2021 and 220+ in 2023, this operator continues growing, showing a successful track record.
- HOUSTON MSA’S GDP: Federal Reserve Economic Data estimates Houston’s MSA’s GDP at $700B in 2023, making it the 7th largest U.S. metro economy.
- PRIVATE EQUITY BACKED: EyeSouth Partners is backed by Olympus Partners, which has over $8.5B under management and a proven track record of increasing value to companies to fuel their growth and improve operations.
- GROWING INDUSTRY: The North America ophthalmology market is expected to reach $52.3B by 2032 from $31.7B in 2024, growing at a CAGR of 6.5% in the forecast period of 2025 to 2032.
Broker of Record
- Patrick Graham
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225