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Single Tenant NNN Healthcare Asset For Sale 1102 Callahan Ave 3,968 SF Office Building Conroe, TX 77301 $1,250,000 ($315.02/SF) 6.98% Cap Rate
Investment Highlights
- Single Tenant NNN Healthcare Asset: Provides passive ownership with minimal landlord responsibilities and predictable income.
- Defensive Healthcare Asset Class: Healthcare and assisted living uses benefit from strong demographic trends and recession-resistant demand.
- Mark-to-Market Rental Upside: Opportunity to increase rental income to market rates upon lease expiration.
- Long-Term Lease (±7 Years Remaining): Offers stable cash flow backed by a long-term lease structure.
- 1031 Exchange Eligible Investment: Ideal for investors seeking passive replacement property with stable income.
- Potential Value Appreciation Through Cap Rate Movement: Future upside driven by continued demand for net lease healthcare investments.
Executive Summary
RE/MAX Commercial Real Estate Advisors, is pleased to present the opportunity to acquire a single-tenant healthcare investment property located at 1102 Callahan Avenue in Conroe, Texas.
The property is leased under a long-term triple-net (NNN) lease, offering approximately 7 years of remaining term and providing investors with a stable, predictable income stream with minimal landlord responsibilities. The asset generates $87,296 in annual net operating income, equating to an attractive +/- 7.00% cap rate.
Strategically positioned within one of the fastest-growing submarkets in the Houston MSA, the property benefits from strong population growth, increasing demand for healthcare services, and proximity to major employment centers including The Woodlands and North Houston.
This offering presents a compelling opportunity for investors seeking a passive, income-producing asset in a defensive healthcare sector, with additional long-term upside through market rent growth at lease expiration and continued investor demand for net lease investments.
The property is leased under a long-term triple-net (NNN) lease, offering approximately 7 years of remaining term and providing investors with a stable, predictable income stream with minimal landlord responsibilities. The asset generates $87,296 in annual net operating income, equating to an attractive +/- 7.00% cap rate.
Strategically positioned within one of the fastest-growing submarkets in the Houston MSA, the property benefits from strong population growth, increasing demand for healthcare services, and proximity to major employment centers including The Woodlands and North Houston.
This offering presents a compelling opportunity for investors seeking a passive, income-producing asset in a defensive healthcare sector, with additional long-term upside through market rent growth at lease expiration and continued investor demand for net lease investments.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Building Size
3,968 SF
Building Class
B
Year Built/Renovated
1972/2020
Price
$1,250,000
Price Per SF
$315.02
Cap Rate
6.98%
NOI
$87,250
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,968 SF
Building FAR
0.40
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
1
Parking
7 Spaces (1.76 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Wheelchair Accessible
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6800-00-10900 | Improvements Assessment | $446,008 |
| Land Assessment | $20,250 | Total Assessment | $466,258 |
Property Taxes
Parcel Number
6800-00-10900
Land Assessment
$20,250
Improvements Assessment
$446,008
Total Assessment
$466,258
Contacts
-
Charles Patawaran -
Steve Schemmel -
Jaden Tran -
Remax Commercial Real Estate Advisors
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Single Tenant NNN Healthcare Asset For Sale | 1102 Callahan Ave
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