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Single Tenant NNN Leased Medical Office 17030 Red Oak Dr 10,000 SF 100% Leased Office Building Online Auction Sale Houston, TX 77090
Matterport 3D Tour
Investment Highlights
- 100% leased absolute NNN medical investment backed by a long-standing surgical tenant & durable cash flow with virtually no landlord responsibilities.
- 17030 Red Oak Drive is a rare opportunity to acquire a single-tenant healthcare asset with long-term lease stability and multiple renewal options.
- Over 318,000 residents within 5 miles have an average household income of $92,062, supporting long-term demand for outpatient healthcare services.
- Strategic Northern Houston location with direct access to FM 1960 and Interstate 45, visible to nearly 65,000 vehicles per day, and 10 miles from IAH.
- Strong referral synergy in a dense health-centric hub, neighboring countless esteemed medical practices, including HCA Houston Healthcare Northwest.
- TOPS Surgical Specialty Hospital owns and operates the surgical hospital directly adjacent to the property, creating exceptional operational synergy.
Executive Summary
Zeustra, LLC (“Zeustra”) is pleased to present the exclusive opportunity to acquire a 100% leased, 10,000-square-foot medical office building in Houston, Texas, net leased to TOPS Surgical Specialty Hospital, a physician-owned inpatient and outpatient surgical specialty operator. 17030 Red Oak Drive is secured by an absolute NNN lease and generates a substantial annual net operating income, offering investors stable in-place income from an established healthcare tenant. TOPS has successfully operated from this location since 2005 and further demonstrates its commitment to the site through ownership and operation of the adjacent surgical hospital immediately next door. The tenant also brings substantial financial strength, having generated over $24 million in EBITDA in 2024, while continuing to expand its outpatient footprint across the Houston market.
17030 Red Oak Drive leverages an unmatched location with direct access to FM 1960 and Interstate 45, allowing streamlined access throughout Houston and exposure to 64,555 vehicles per day. In addition, the George Bush Intercontinental Airport (IAH) is a short 10-mile drive away, supporting convenient regional and national connectivity for patients and medical professionals. Positioned in Harris County, the largest county in Texas and the first in the state to surpass 5 million residents, the site benefits from one of the strongest population growth stories in the country. According to the US Census Bureau, Harris County’s population reached 5,009,302 and grew 6.7% from April 2020 to July 2025; from 2023 to 2024 alone, the county added 105,852 residents, the largest numeric gain of any county in the United States. The broader Houston-The Woodlands-Sugar Land metro area remains the fifth-largest in the nation, with an estimated population of approximately 7.8 million, reinforcing the depth and long-term demand drivers of the surrounding healthcare market.
With an established medical tenant, direct hospital adjacency, and a location in the middle of Harris County’s exceptional growth, 17030 Red Oak Drive represents a compelling opportunity to acquire a stable healthcare investment in one of the most dynamic major markets in the country.
Property tours are by appointment only. Please contact the listing broker to schedule.
17030 Red Oak Drive leverages an unmatched location with direct access to FM 1960 and Interstate 45, allowing streamlined access throughout Houston and exposure to 64,555 vehicles per day. In addition, the George Bush Intercontinental Airport (IAH) is a short 10-mile drive away, supporting convenient regional and national connectivity for patients and medical professionals. Positioned in Harris County, the largest county in Texas and the first in the state to surpass 5 million residents, the site benefits from one of the strongest population growth stories in the country. According to the US Census Bureau, Harris County’s population reached 5,009,302 and grew 6.7% from April 2020 to July 2025; from 2023 to 2024 alone, the county added 105,852 residents, the largest numeric gain of any county in the United States. The broader Houston-The Woodlands-Sugar Land metro area remains the fifth-largest in the nation, with an estimated population of approximately 7.8 million, reinforcing the depth and long-term demand drivers of the surrounding healthcare market.
With an established medical tenant, direct hospital adjacency, and a location in the middle of Harris County’s exceptional growth, 17030 Red Oak Drive represents a compelling opportunity to acquire a stable healthcare investment in one of the most dynamic major markets in the country.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Lease Information
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
10,000 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,000 SF
Building FAR
0.32
Lot Size
0.72 AC
Parcel Number
1234880010005
Parking
34 Spaces (3.4 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
About FM 1960/I-45 North
Cypress Station is located close to parts of Houston that have experienced significant population and employment growth, including Springwoods Village, Cypress, Tomball, and the Lake Houston areas. It is centrally located along Interstate 45 between Beltway 8 and the Grand Parkway, some of Houston’s key arteries. It is also close to Houston’s largest airport, Bush Intercontinental, which recently ranked as the second-best airport in the U.S. at the 2023 Skytrax World Airport Awards.
Job growth has been strong in the area, in part as a result of nearby developments such as Data Foundry’s new data centers; Grocers Supply and Conns HomePlus’ distribution centers; and Pinto Business Park, which is home to Amazon, Coca-Cola, and other large employers. Corporate tenants such as ABS, HPE, and HPI also recently relocated to large new office campuses in Springwoods Village.
Over the past 15 years, more than 80% of the population growth that has occurred in Harris County has been in its unincorporated areas, not far from Cypress Station. And the area’s energy, business services, and healthcare tenants can draw from the labor pool and customer base of residents and commuters who take Interstate 45 to and from work.
Investors are attracted to this area because of its strong economic base and the relative value assets here provide. Pricing is favorable, too, with the average price per square foot still below the Houston region’s average and at a significant discount to neighboring The Woodlands and Kingwood/Humble.
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
20,970
118,570
314,550
2020 Population
18,837
111,767
298,260
2030 Population
22,573
126,494
335,186
2025-2030 Projected Population Growth
7.6%
6.7%
6.6%
Daytime Employees
9,570
33,103
87,915
Total Businesses
1,494
4,417
11,518
Average Household Income
$58,180
$86,877
$92,062
Median Household Income
$45,565
$62,471
$70,685
Total Consumer Spending
$168.6M
$1.2B
$3.2B
Median Age
32.2
34.0
34.7
2025 Households
8,360
42,514
107,648
Percent College Degree or Above
13%
16%
16%
Average Home Value
$255,124
$290,593
$286,765
Sale Advisor
Sale Advisor
Ryan Lupo, Vice President
Being the Vice President at Zeustra, Ryan brings extensive deal experience and an unwavering commitment to securing the best possible outcomes for his clients. Specializing in medical real estate, Ryan has built a reputation for successfully navigating complex transactions and overcoming challenges with precision, dedication, and a client-first approach.
As part of Zeustra, a leading independent strategic advisory firm focused exclusively on healthcare, Ryan leverages a full-service business model to deliver unparalleled real estate and M&A advisory services. Whether guiding private practice owners, healthcare systems, or institutional investors, Ryan’s ability to provide tailored, data-driven solutions ensures maximum value and long-term success.
From monetizing real estate and financing acquisitions to negotiating leases and selling practices, Ryan and the Zeustra team combine innovative strategies with personalized service to meet the unique needs of their clients. Ryan’s deep expertise and passion for helping clients achieve their goals make him a trusted partner in the ever-evolving healthcare real estate market.
As part of Zeustra, a leading independent strategic advisory firm focused exclusively on healthcare, Ryan leverages a full-service business model to deliver unparalleled real estate and M&A advisory services. Whether guiding private practice owners, healthcare systems, or institutional investors, Ryan’s ability to provide tailored, data-driven solutions ensures maximum value and long-term success.
From monetizing real estate and financing acquisitions to negotiating leases and selling practices, Ryan and the Zeustra team combine innovative strategies with personalized service to meet the unique needs of their clients. Ryan’s deep expertise and passion for helping clients achieve their goals make him a trusted partner in the ever-evolving healthcare real estate market.
About the Auction Technology
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Auction Contact
Kevin Loudy
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Single Tenant NNN Leased Medical Office | 17030 Red Oak Dr
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Single Tenant NNN Leased Medical Office | 17030 Red Oak Dr
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