1913 Steele Rd | Alvin, TX 77511
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1913 Steele Rd
Alvin, TX 77511
EyeSouth Partners | 7.50% Cap | +220 Clinics · Office Property For Sale
Investment Highlights
- PASSIVE NNN LEASE STRUCTURE: This is a long-term NNN lease with minimal landlord responsibilities, providing a passive investment vehicle.
- INFLATIONARY PROTECTED LEASE: The lease features 2% annual rent increases, providing a significant boost to cash flow.
- TAX-FREE STATE: Texas is one of the nine income tax-free states in the U.S.
- RECESSION RESISTANT ASSET CLASS: Healthcare is considered recession-resistant due to the essential nature of its services.
- STRATEGICALLY SELECTED HIGH-INCOME MARKET: This clinic is strategically situated in an affluent market with an average household income of $122,000.
- HOUSTON MSA’S GDP: Federal Reserve Economic Data estimates Houston’s MSA’s GDP at $700B in 2023, making it the 7th largest U.S. metro economy.
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
5,875 SF
Building Class
B
Year Built
2011
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,875 SF
Building FAR
0.07
Lot Size
2.00 AC
Zoning
0027
Property Taxes
| Parcel Number | 0421-0024-000 | Improvements Assessment | $1,572,610 |
| Land Assessment | $117,000 | Total Assessment | $1,689,610 |
Property Taxes
Parcel Number
0421-0024-000
Land Assessment
$117,000
Improvements Assessment
$1,572,610
Total Assessment
$1,689,610
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