12-Year NNN Medical | Cardiology ASC | Strong Financials
$3.2M Tenant Investment | Strong Financials | 13+ Providers | $200k+ Co-Op
Marketing description
Matthews™ Healthcare Division is pleased to present the opportunity to acquire a state-of-the-art cardiology ambulatory surgery center (ASC) and Office-Based Lab (OBL) operated by Qoros. The facility is comprised of approximately 42% ASC, 28% OBL, and 30% administrative space. By combining an ASC with an OBL, this facility allows Qoros to deliver a comprehensive spectrum of outpatient cardiovascular care, ranging from diagnostic procedures to advanced interventions, in a single, integrated location.
This offering represents a 100% fee simple interest in a 1.11-acre parcel in Clear Lake, an affluent Houston submarket with average household incomes of approximately $121,000 within a one-mile radius. The tenant has invested approximately $3.2 million to transform this 15,807 SF property into a cutting-edge medical facility, underscoring their long-term commitment to the location. The extensive capital improvements required to establish such facilities make relocation both impractical and cost-prohibitive, providing investors with an added layer of security and stability.
Qoros has established partnerships with more than 11 prominent cardiology practices in Texas and Florida, expanding its footprint across key growth markets. By aligning with leading cardiology groups, Qoros enhances its care continuum and increases the long-term sustainability of its facilities.
The lease commenced in 2024, when the building was repurposed, and carries more than 12 years of remaining term. Structured as a NNN lease with minimal landlord responsibilities, it also provides 3% annual rental increases.
Patrick Graham
Broker of Record
License No. 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
Investment highlights
State of the Art Redevelopment – Delivered in 2024, the property was repurposed to accommodate the tenant’s specialized cardiology services. The facility features two operating rooms, enabling the tenant to perform a wide range of surgical procedures on-site. According to ownership, the tenant invested approximately $3.2 million.
Integrated Care Under One Roof – By combining an Ambulatory Surgery Center (ASC) with an Office-Based Lab (OBL), this facility allows QOROS to deliver a comprehensive spectrum of outpatient cardiovascular care, ranging from diagnostic procedures to advanced interventions, in a single, integrated location. The facility is comprised of approximately 42% ASC, 28% OBL, and 30% administrative space.
Recession-Resistant Asset Class – The non-discretionary nature of medical care and its resilience during economic uncertainty has made healthcare real estate a strategic focus for both institutional and private investors nationwide.
Long-Term NNN Lease – The tenant signed an original 14-year lease in 2024, demonstrating its long-term commitment to the location. The lease also features a passive net lease structure with minimal landlord responsibilities.
Licensed Ambulatory Surgery Center (ASC) with High Tenant Retention – ASCs are highly desired due to limited supply and costly buildouts. Extensive build outs can make relocations highly impractical, and many times cost prohibitive.
Affluent Surrounding Demographics – The Clear Lake submarket is a high-income area with average household incomes exceeding $121,000 within a one-mile radius, supporting strong payer mix and long-term demand for healthcare services.
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