455 School St | Tomball, TX 77375
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455 School St
Tomball, TX 77375
SASC | 10-Yr SLB | 7.5% Cap | Abs NNN · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Extremely Passive Absolute NNN Lease – Landlord will benefit from a “hands–off” investment as the tenant takes care of all taxes, insurance
- Sticky Investment – Medical clinics rarely relocate due to high build–out costs, which provides an extra level of comfort to a future landlord
- Strategic Location next to HCA Hospital – The property is less than ½ mile away from HCA Houston Healthcare Tomball, a 350-bed hospital
- Inflationary Protected Lease – This lease features above-market, 2.50% annual rent increases, providing a major cash flow boost
- Long–Term Operating History – Tenant has been in practice in Tomball since 1997 and operating successfully out of this location since 2003
- High-Growth Market – Tomball's been a growing market in Houston for the past decade as the population within 5-Mile radius has grown by 68% since 2010
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
61,041 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,835 SF
Building FAR
2.78
Lot Size
0.50 AC
AMENITIES
- Courtyard
- Wheelchair Accessible
- Central Heating
- Reception
- Drop Ceiling
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,355,021 | |
| Land Assessment | $118,332 | Total Assessment | $3,473,353 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$118,332
Improvements Assessment
$3,355,021
Total Assessment
$3,473,353
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