8927 Hwy 6 - Hospitals FOR SALE


Missouri City, TX 77459
$7,620,000 USD
929-229-2614
8927 Hwy 6, Missouri City, TX for Sale
$7,620,000 USD
Hospitals - FOR SALE
1/6
null | 7.25% Cap Rate

8927 Hwy 6
Missouri City, TX 77459


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 | Across From H-E-B Anchored Center | 190-Unit Apartment Complex
  • Strategically Located Along Highway 6 (39,900 VPD) | Excellent Visibility & Access
  • Trade Area supported by 188,000 residents and 25,000 employees | Average household income of $135,509

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

$7,620,000 USD

PRICE/SF

$1,146 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

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

LC-3

APN/PARCEL ID

0077-00-000-0481-907

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.