22678 Highway 59 | Porter, TX 77365
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22678 Highway 59
Porter, TX 77365
Neighbors Emergency Center · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Neighbors recently exercised their first renewal option, mitigating long-term risk as the lease matures and indicating a high likelihood of renewal
- Since the 2010 census, total households within a 5-mile radius has grown from 25,237 to 38,364 in 2023 - a 52%increase
- With premier frontage along Highway 59, the Property has direct access and exposure to more than 101,000 VPD
- The Absolute NNN lease features attractive 2% annual increases throughout the term, as well as in remaining 5-year renewal option
- There are more than 110,000 residents within a 5-mile radius of the Property, a figure expected to grow by nearly 18% to 132,000 by 2028
- Located within Valley Ranch, a new 14,000-acre master-planned development with 1,500 homes and Houston's #3 most-visited open-air shopping center
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
8,000 SF
Building Class
B
Year Built
2015
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,000 SF
Building FAR
0.19
Lot Size
0.96 AC
Zoning
None
Parking
14 Spaces (1.75 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 9412-81-00103 | Improvements Assessment | $1,480,780 |
| Land Assessment | $419,220 | Total Assessment | $1,900,000 |
PROPERTY TAXES
Parcel Number
9412-81-00103
Land Assessment
$419,220
Improvements Assessment
$1,480,780
Total Assessment
$1,900,000
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