Hospitals /TX /Harris County /Spring /8929 Spring Cypress Rd
Hospitals /TX /Harris County /Spring /8929 Spring Cypress Rd

8929 Spring Cypress Rd - Hospitals FOR SALE


Spring, TX 77379 | 
$7,161,000 USD
929-229-2614
8929 Spring Cypress Rd, Spring, TX for Sale
$7,161,000 USD
Hospitals - FOR SALE
1/9
null | 7.25% Cap Rate
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8929 Spring Cypress Rd
Spring, TX 77379

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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 | Close to Numerous Residential Communities
  • Strategically Located Along Spring Cypress Road (36,400 VPD) | Excellent Visibility & Access
  • 268,000 residents and 85,000 employees in the 5-mile trade area | Average household income of $124,829

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

$1,081 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

1.64 AC

LAND SF

71,438 SF

ZONING

Commercial

APN/PARCEL ID

1238270010005

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.

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