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28284042
28284043

12540 Sugardale Dr, Stafford, TX 77477

JC
SL3541410
JLL - Irvine (Orange County), California
JLL - Los Angeles (West), California
WB
IL 475.205263
JLL Chicago | Americas Headquarters
Listed by JLL - Irvine (Orange County), California, JLL - Los Angeles (West), California, JLL Chicago | Americas Headquarters
$6,486,000
201 days on market
Updated 54 days ago

Legacy Community Health - Houston, TX

Details
Property Type Office, Retail
Sub Type Medical Office
Square Footage 7,000
Cap Rate 6.75%
NOI $437,822
Occupancy 100%
Tenancy Single
Brand/Tenant Legacy Community Health
Lease Type NNN
Lease Term 20
Lease Expiration 12/31/2041
Remaining Term 15.6
Rent Bumps Yes
Lease Options 2 x 5-years
Price per SqFt $927
Year Built 1999
Year Renovated 2021
Acreage 1.600
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2022
Occupancy Date 01/01/2022

16-Yr Legacy Community Health | Largest TX FQHC | Houston, TX | NNN Lease | Annual Escalations

Marketing description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in a free-standing, single-tenant Legacy Community Health facility located at 12540 Sugardale Dr, Stafford, Texas, within the dynamic Houston MSA (“Property” or “Asset”). Newly renovated in 2021, the Asset encompasses a 7,000 SF medical facility situated on a 1.6-acre parcel. The Property is 100% occupied by the tenant and corporately guaranteed by Legacy Community Health Endowment, Inc. There are 16.0 years of primary lease term remaining, with fully reimbursed landlord responsibilities, and 2.5% average annual rent escalations for the majority of the term.

Legacy Community Health is the largest Federally Qualified Health Center (FQHC) in Texas, operating 61 care sites and serving over 215,000 community members annually with a comprehensive suite of integrated health services. This Stafford location provides care for pediatrics and OB/GYN, among other services, ensuring access to essential family, child, and maternity care for the surrounding community.

The Property enjoys a prime location along Interstate 69, with exposure to 148,000 vehicles per day, and is adjacent to a top-performing shopping center experiencing 4 million visits annually. Positioned within a highly active commercial and medical corridor, the Asset is three miles from three major inpatient hospitals offering over 700 beds in total and benefits from strong local economic drivers, including the Stafford Business Center, substantial hotel inventory, and leading national retailers including Costco, Walmart, Target, Chick-fil-A, and many others. The Stafford area is a commercial and logistical powerhouse, characterized by its business-friendly financial model and exceptional population growth, with 387,000 residents within a five-mile radius as of 2024. The ongoing $500 million “The Grid” mixed-use development nearby will further enhance the Property’s strategic positioning and drive future growth.

This investment offers the rare opportunity to secure 16 years of stable cash flow, underpinned by a leading healthcare operator, in a rapidly expanding Houston submarket known for its robust demographics, regional medical prominence, and dynamic economic trajectory.

Investment highlights

  • ±16.0-year NNN lease with 2.5% annual escalations for majority of term

  • Largest Federally Qualified Health Center (FQHC) in Texas serving 215,000+ community members annually

  • 387,000 residents within a 5-mile radius of the Property

  • Prime location along Interstate 69 with exposure to 148,000 vehicles per day

  • Less than 3 miles from three major hospitals totaling over 700 beds

  • Dense commercial & medical corridor adjacent to top-performing shopping center with 4 million annual visits

Listing Contacts

JC
SL3541410
JLL - Irvine (Orange County), California
JLL - Los Angeles (West), California
WB
IL 475.205263
JLL Chicago | Americas Headquarters
Listed by JLL - Irvine (Orange County), California, JLL - Los Angeles (West), California, JLL Chicago | Americas Headquarters

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$437,822.00
$36,485.17/mo

Valuation Metrics

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DSCR
6.75%
Cap Rate
6.75%
ROI

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