Listed by Zann Commercial Brokerage, Inc.
$2,987,493
STNL Investment Opportunity | Houston, Texas
Details
Property Type Mixed Use, Office
Sub Type Medical Office
Square Footage 8,564
Cap Rate 7.00%
NOI $230,094
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 7
Lease Expiration 01/31/2030
Remaining Term 3.7
Rent Bumps Yes
Lease Options 2 - 5 Yrs
Class B
Year Renovated 2023
Stories 2
Lot Size (SqFt) 21,338
Investment Type Stabilized
Lease Commencement 02/01/2023
Occupancy Date 02/01/2024
Ground Lease No
STNL Investment Opportunity | Strong Operator | Houston, Texas
Marketing description
The subject site is a freestanding, 37 bed detox and residential treatment center. Into Action Recovery Center, a leading addiction rehabilitation center specializing in personalized treatment for drug and alcohol abuse, has four other facilities located less than 1/4 mile of the site. The Tenant invested substantial dollars into the build-out of this facility, including the construction of an 800 square foot addition to the building. The lease is designed as triple net with the Tenant being responsible for property taxes, property insurance, and the bulk of repairs and maintenance. PLEASE DO NOT DISTURB TENANT.
Listing Contacts
Listed by Zann Commercial Brokerage, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$230,094.00
$19,174.50/mo
Valuation Metrics
0
DSCR
7.7%
Cap Rate
7.7%
ROI
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