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16815 Spring Creek Forest Dr
Spring, TX 77379
10 Yr NNN Dental | Spring, TX | 2.5% Inc · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Dental facilities rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving.
  • Medical properties are highly sought-after for their security of investment and their resistance to economic downturns
  • Extremely Dense Market – There are over 315,000 residents within a five-mile radius of the property; Spring is one of the fastest growing cities in US
  • Affluent Demographics – Average household incomes are north of $145,000 within 1, 3 and 5 miles of the property.
  • Passive 10 Year NNN Lease Structure – This long term NNN lease provides the owner with a merely investment opportunity
  • Inflationary Hedge – 2.50% annual rental increases offer a strong boost in cashflow throughout ownership.

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
4,402 SF
Building Class
A
Year Built/Renovated
1987/2019
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,402 SF
Building FAR
0.12
Lot Size
0.81 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0430330000068
Land Assessment
$212,460
Improvements Assessment
$456,832
Total Assessment
$669,292
  • Listing ID: 31154261

  • Date on Market: 3/7/2024

  • Last Updated:

  • Address: 16815 Spring Creek Forest Dr, Spring, TX 77379

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