1200 W Main St - Medical FOR SALE
Tomball, TX 77375 |
$14,915,000 USD
332-345-4222
1200 W Main St
Tomball, TX 77375
HIGHLIGHTS
- Long Term 20-Year GSA Lease | The subject property is subject to a long term 20-year GSA lease, of which has over 8.5 years remaining.
- Operation Expenses Reimbursements Increase with CPI
- Operating expenses reimbursements adjust with changes in the CPI, making this a highly favorable investment for any investor.
- Veterans Health Administration is Largest in the United States | The Veterans Health Administration is the largest healthcare network in the US
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Veterans Affairs Outpatient Clinic located at 1200 West Main Street, Tomball, Texas 77375. The site consists of roughly 33417 rentable square feet of building space on an estimated 4.79-acre parcel of land. This Veterans Affairs Outpatient Clinic is subject to a 20-year Gross lease, which commenced 10/1/2013. The current annual rent is $1,044,084 and has scheduled increases of Flat, but Reimbursements Increase with CPI.
FOR SALE DETAILS
PRICE
$14,915,000 USD
PRICE/SF
$446 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Veterans Affairs Outpatient Clinic
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2013
SPRINKLERS
-
PARKING SPACES
256
LAND DETAILS
LAND ACRES
4.79 AC
LAND SF
208,652 SF
ZONING
none
APN/PARCEL ID
1333950020002
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332-345-4222
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332-345-4222
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