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 has successfully operated at this location since its completion in 2015 and recently exercised their first 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.
- With premier frontage along Highway 59, the Property has direct access and exposure to more than 101,000 VPD.
- The Absolute NNN corporate guaranteed lease features 2% annual rent increases and an additional 5-year option to renew.
- As of June 2023, Altus is the largest operator of freestanding emergency centers in Texas, with 30 locations throughout the state.
- The U.S. Freestanding Emergency Department market size was estimated to be $11.55B in 2023 and projected to reach $14.52B by 2028, at a CAGR of 4.68%
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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