3840 W Davis St - Hospitals FOR SALE


Conroe, TX 77304
$7,161,000 USD
929-229-2614
3840 W Davis St, Conroe, TX for Sale
$7,161,000 USD
Hospitals - FOR SALE
1/9
null | 7.25% Cap Rate

3840 W Davis St
Conroe, TX 77304


HIGHLIGHTS

  • Approximately 18 Years Remaining on Lease | Options To Extend | 2% Annual Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Tax-Free State
  • Total Point ER | Rapidly Expanding Company
  • Dense Retail Corridor | National/Credit Tenant Presence | Adjacent to 270-Unit Apartment Complex
  • Strategically Located Along W Davis St (40,800 VPD) | Excellent Visibility & Access
  • Trade Area supported by 100,000 residents and 48,000 employees | Affluent average household income of $109,180

OVERVIEW

• The tenant, Total Point ER, recently signed a 20-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site • The lease features 2% annual increases throughout the initial term and option periods, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$7,161,000 USD

PRICE/SF

$1,085 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Total Point ER | 18yrs Remain Abs NNN w/ Incr

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,112 SF

ZONING

General Commercial

APN/PARCEL ID

5158-00-00301

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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