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Medical | 10 Yr. Absolute NNN Lease | 3% Inc. 21755 N I-45 Fwy 8,496 SF Office Building Spring, TX 77388 $2,832,000 ($333.33/SF) 6.75% Cap Rate
Investment Highlights
- Multi-Unit Regional Provider – 35± location regional ABA therapy provider in-network with leading insurance companies
- Inflation-Protected Cash Flow – 3% annual rent increases providing built-in inflation-protected cash flow
- Merged with Private Equity-Backed Operator – Merged with private equity-backed Circle of Care in 2022 to enhance clinical platform
- Passive Absolute NNN Lease Structure – Ten-year absolute NNN lease with no landlord responsibilities at close of escrow
- Billion Dollar Market - ABA market projected to grow from $4 billion in 2023 to $6 billion by 2032
- Tax-Free/Top Destination State – Texas has no personal income tax; led the nation in net domestic migration in 2024
Executive Summary
Matthews Real Estate Investment Services’™ Healthcare Division is pleased to present a unique opportunity to acquire an Applied Behavioral Analysis (ABA) clinic leased to the multi-regional operator Empower Behavioral Health (“Empower” or “EBH”). Founded in 2015, Empower provides ABA and autism therapy services across 35± locations throughout Texas and, in 2022, merged with private-equity-backed Circle of Care to further enhance its clinical platform.
The offering consists of a 100% fee simple interest in an approximately 8,496-square-foot facility situated on a one-acre parcel in Spring, Texas, just outside of Houston, which has an average household income of approximately $116,000.
Upon close of escrow, the tenant will amend their current lease to a 10-year absolute NNN lease featuring 3% annual rent increases. This creates a compelling, inflation-protected investment opportunity for both local and out-of-state investors.
ABA therapy is grounded in evidence-based behavioral principles and is widely recognized as one of the most effective methods for improving outcomes for individuals with autism. EBH’s mission is to help its clients become the most independent and successful versions of themselves through a comprehensive suite of services, including early intervention, social skills development, behavior management, communication training, and related therapies.
With the global autism therapy market projected to exceed $6 billion by 2030, this offering represents a rare opportunity to secure long-term, stable income while gaining exposure to a rapidly expanding and mission-critical segment of healthcare real estate.
Patrick Graham
Matthews Real Estate Investment Services, Inc
License # 9005919, 528005 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
The offering consists of a 100% fee simple interest in an approximately 8,496-square-foot facility situated on a one-acre parcel in Spring, Texas, just outside of Houston, which has an average household income of approximately $116,000.
Upon close of escrow, the tenant will amend their current lease to a 10-year absolute NNN lease featuring 3% annual rent increases. This creates a compelling, inflation-protected investment opportunity for both local and out-of-state investors.
ABA therapy is grounded in evidence-based behavioral principles and is widely recognized as one of the most effective methods for improving outcomes for individuals with autism. EBH’s mission is to help its clients become the most independent and successful versions of themselves through a comprehensive suite of services, including early intervention, social skills development, behavior management, communication training, and related therapies.
With the global autism therapy market projected to exceed $6 billion by 2030, this offering represents a rare opportunity to secure long-term, stable income while gaining exposure to a rapidly expanding and mission-critical segment of healthcare real estate.
Patrick Graham
Matthews Real Estate Investment Services, Inc
License # 9005919, 528005 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
8,496 SF
Building Class
B
Year Built
2003
Price
$2,832,000
Price Per SF
$333.33
Cap Rate
6.75%
NOI
$191,160
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,496 SF
Building FAR
0.19
Lot Size
1.01 AC
Zoning
None
Parking
38 Spaces (4.47 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1219300010006 | Improvements Assessment | $934,477 |
| Land Assessment | $441,480 | Total Assessment | $1,375,957 |
Property Taxes
Parcel Number
1219300010006
Land Assessment
$441,480
Improvements Assessment
$934,477
Total Assessment
$1,375,957
Contacts
-
Marly Aronin -
Andrew Fagundo -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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