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1105 Callahan Ave - SINGLE TENANT HEALTHCARE ASSET FOR SALE | NNN 3,968 SF Health Care Building Offered at $1,250,000 at a 7% Cap Rate in Conroe, TX 77301
Investment Highlights
- Single Tenant NNN Healthcare Asset: Provides passive ownership with minimal landlord responsibilities and predictable income.
- Stable Passive Income Stream: Consistent NOI of $87,296 with no landlord expense obligations.
- 1031 Exchange Eligible Investment: Ideal for investors seeking passive replacement property with stable income.
- Long-Term Lease (±7 Years Remaining): Offers stable cash flow backed by a long-term lease structure.
- 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.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,250,000 | Building Size | 3,968 SF |
| Price Per Bed | $178,571 | No. Beds | 7 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7% | Year Built/Renovated | 1972/2023 |
| Sale Condition | 1031 Exchange | Opportunity Zone |
Yes
|
| Property Type | Health Care |
| Price | $1,250,000 |
| Price Per Bed | $178,571 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Sale Condition | 1031 Exchange |
| Property Type | Health Care |
| Building Size | 3,968 SF |
| No. Beds | 7 |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2023 |
| Opportunity Zone |
Yes |
1 1
Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Number | 6800-00-11200 | Improvements Assessment | $77,338 |
| Land Assessment | $45,000 | Total Assessment | $122,338 |
Property Taxes
Parcel Number
6800-00-11200
Land Assessment
$45,000
Improvements Assessment
$77,338
Total Assessment
$122,338
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1105 Callahan Ave - SINGLE TENANT HEALTHCARE ASSET FOR SALE | NNN
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