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13233 Medical Complex Dr - Village Green Care | 11.5+yrs Abs NNN 10,190 SF Health Care Building Offered at $3,820,000 at a 5.50% Cap Rate in Tomball, TX 77375
INVESTMENT HIGHLIGHTS
- Over 11.5 Years Remaining | Scheduled Rental Increases | Personally Guaranteed | Well-Known & Established Tenant
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong Tenant Presence | Across From HCA Houston Healthcare Tomball
- Located Along Medical Complex Drive | Centralized Location | Nearby Residential Communities | Strong Trade Area Demographics
EXECUTIVE SUMMARY
• The tenant has over 11.5 years of firm term remaining with 3 (5-year) option periods left to extend
• The lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease is personally guaranteed - tenant and guarantors are to report sales upon request
• The lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease is personally guaranteed - tenant and guarantors are to report sales upon request
PROPERTY FACTS
| Price | $3,820,000 | Lot Size | 1.00 AC |
| Price Per Bed | $15,851 | Building Size | 10,190 SF |
| Sale Type | Investment | No. Beds | 241 |
| Cap Rate | 5.50% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2018 |
| Property Subtype | Assisted Living | Parking Ratio | 0.98/1,000 SF |
| Building Class | B | ||
| Zoning | AG - Agricultural District | ||
| Price | $3,820,000 |
| Price Per Bed | $15,851 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 10,190 SF |
| No. Beds | 241 |
| No. Stories | 1 |
| Year Built | 2018 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | AG - Agricultural District |
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PROPERTY TAXES
| Parcel Number | 1302030020001 | Improvements Assessment | $1,484,782 |
| Land Assessment | $261,360 | Total Assessment | $1,746,142 |
PROPERTY TAXES
Parcel Number
1302030020001
Land Assessment
$261,360
Improvements Assessment
$1,484,782
Total Assessment
$1,746,142
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13233 Medical Complex Dr - Village Green Care | 11.5+yrs Abs NNN
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