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1000-1004 E Madison St - Progressive Health | New 20yr Corp Abs NNN 88,247 SF Health Care Building Offered at $10,543,000 at a 7% Cap Rate in Houston, MS 38851
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Lease | Annual 2.5% Rental Increases
- Absolute NNN | Zero Landlord Responsibilities
- Rural Healthcare Destination
- Corporate Guaranty
- Excellent Accessibility On E Madison St (9,600 VPD)
EXECUTIVE SUMMARY
SRS Real Estate Partners, LLC is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased healthcare investment located in Houston, Mississippi. The tenant, Progressive Health of Houston, LLC, recently signed a brand-new 20-year lease with two (2) additional 5-year renewal options, demonstrating their long-term commitment to the property. The lease features 2.5% annual rental increases throughout the primary term and renewal periods, offering consistent NOI growth and a built-in hedge against inflation. The lease is structured as absolute NNN, with zero landlord responsibilities, making this an ideal, management-free investment opportunity for passive or out-of-state investors.
PROPERTY FACTS
| Price | $10,543,000 | Lot Size | 13.00 AC |
| Price Per Bed | $10,543,000 | Building Size | 88,247 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1968 |
| Property Subtype | Hospital | Parking Ratio | 1.09/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | C-3 - Highway Commercial | ||
| Price | $10,543,000 |
| Price Per Bed | $10,543,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | C |
| Lot Size | 13.00 AC |
| Building Size | 88,247 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 1.09/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-3 - Highway Commercial |
1 1
PROPERTY TAXES
| Parcel Number | 1-102C-04-012.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $640,406 |
PROPERTY TAXES
Parcel Number
1-102C-04-012.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$640,406
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1000-1004 E Madison St - Progressive Health | New 20yr Corp Abs NNN
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