1913 Steele Rd - Medical FOR SALE


Alvin, TX 77511
$1,568,333 USD
818-484-1658
1913 Steele Rd, Alvin, TX for Sale
$1,568,333 USD
Medical - FOR SALE
1/4
null | 7.5% Cap Rate

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.

OVERVIEW

Matthews Real Estate Investment Services™ Healthcare Division is proud to present an exceptional investment opportunity: an ophthalmology clinic leased to the reputable operator, EyeSouth Partners. Established in 2017, EyeSouth Partners has rapidly expanded to over 220 locations nationwide and was recently acquired by the private equity firm Olympus Partners, which manages over $8.5 billion in assets. This property offers a stable and lucrative investment, featuring 7.4 years of term remaining on an NNN lease with 2% annual rent escalations. The terms provide consistent income growth with a lease containing minimal landlord responsibilities, making it an attractive option for both local and out-of-state investors. Strategically located in Alvin, Texas, just 30 miles southeast of Houston, the property sits near one of the town’s main highways. The surrounding area boasts an average household income of $122,000 within a five-mile radius. This is a rare chance to own a high-performing healthcare asset in a growing community—ideal for investors seeking reliability and growth. 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

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 | 7.50% Cap | +220 Clinics

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

0027

APN/PARCEL ID

0421-0024-000

ASK ABOUT THIS PROPERTY

Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

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Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.