1913 Steele Rd - Medical FOR SALE
Alvin, TX 77511 |
$1,568,333 USD
818-484-1658
1913 Steele Rd
Alvin, TX 77511
HIGHLIGHTS
- PASSIVE NNN LEASE STRUCTURE: This is a long-term NNN lease with minimal landlord responsibilities, providing a passive investment vehicle.
- RECESSION RESISTANT ASSET CLASS: Healthcare is considered recession-resistant due to the essential nature of its services.
- INFLATIONARY PROTECTED LEASE: The lease features 2% annual rent increases, providing a significant boost to cash flow.
- STRATEGICALLY SELECTED HIGH-INCOME MARKET: This clinic is strategically situated in an affluent market with an average household income of $122,000.
- TAX-FREE STATE: Texas is one of the nine income tax-free states in the U.S.
- 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.
FOR SALE DETAILS
PRICE
$1,568,333 USD
PRICE/SF
$267 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
EYESOUTH PARTNERS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
0027
APN/PARCEL ID
0421-0024-000
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818-484-1658
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818-484-1658
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