Cap Rate
9.00%
Price Per SF
$222
Year Built
1900/R1993
Occupancy
100%
Leasable Area
25,000 SF
Term Remaining
±15 YRS
NOI
$500,000
Property Type
Healthcare
LEAD LISTING AGENT
Andrew Richmond
Associate
Email
[email protected]
License No.
780040 (TX)
Direct
+1 (949) 432 4517
Mobile
+1 (949) 338-4427
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
INVESTMENT HIGHLIGHTS
- Inflationary Protected Lease – This lease features above market, 2.50% annual rent increases, providing a major cash flow boost and equity appreciation tool, along with being a great inflationary hedge for investors.
- E-Commerce Resistant Property – Medical offices are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
- Outstanding Reviews – The treatments offered at this facility have succeeded in changing multiple clients lives for the better and have amassed over 150 reviews on Google and Facebook averaging 4.8/5 Stars.
- 5th Most Populous MSA in U.S. – The Houston MSA boasts both dense demographics as well as one of the world’s largest economies with a 2021 GDP over $537 Billion stemming from its major contributions in the energy, healthcare, biomedical, and aerospace industries.
- Tax-Free State – Texas has zero income tax for real estate investments.
- Extremely Passive NNN Lease – Landlord will benefit from a “hands-off” investment as the tenant takes care of all taxes, insurance, and maintenance/repairs associated with the property.
- Long-Term Operating History – Since 2014, Serenity Light Recovery has been operating out of this facility.
- In-Network Patient Care – The recovery center works with 12 of the largest health insurance groups offering a new owner confidence that the tenant will continue to attract more and more clients through referrals.
- Andrew Fagundo, Michael Moreno and Rahul Chhajed in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
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