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30882175
30882176

1915 FM 1488, Hempstead, TX 77445 For Sale

BB
TX 701472, OH BRK.200900214 (+21)
Bang Realty
KE
CA CA 01896322
AiCRE Partners
Listed by Bang Realty, AiCRE Partners
$2,747,000
133 days on market
Updated 21 days ago

Integrity Urgent Care – Hempstead, TX

Details
Property Type Office, Retail
Sub Type Medical Office
Square Footage 3,077
Cap Rate 6.5%
NOI $178,572
Occupancy 100%
Tenancy Single
Brand/Tenant Integrity Urgent Care
Lease Type Absolute NNN
Lease Expiration 11/30/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options Three (3), 5-Year renewal options
Price per SqFt $893
Year Built 2025
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Urgent Care | 15 Year ABS NNN | Hempstead, TX (Houston MSA)

Marketing description

AiCRE Partners, is pleased to present the exclusive offering of a brand-new Integrity Urgent Care in Hempstead, Texas.

This 3,077 SF single-tenant medical facility, located at 1915 FM 1488, HEMPSTEAD, TX 77445, represents a premier net lease investment with a 15-year Absolute NNN lease guaranteed by Xpress Wellness / Integrity Urgent Care, backed by Goldman Sachs Alternatives. The lease features 1.25% annual increases beginning in year 3, offering investors a stable, long-term income stream with zero landlord responsibilities.

Strategic Proximity to Houston: Located about 50 miles northwest of downtown Houston, Hempstead offers easy access to the metro area while preserving smalltown appeal.

Integrity Urgent Care, operating under Xpress Wellness, has expanded rapidly to over 70 locations across multiple states. Acquired by Goldman Sachs (NYSE: GS) in 2024, the brand continues to gain market share by providing essential healthcare services—including urgent care, occupational medicine, digital diagnostics, and primary care—in highly accessible, walk-in formats.

A major logistics and industrial push is underway: For example, the H‑E‑B grocery chain has acquired roughly 500 acres in Hempstead to build a large-scale distribution campus

As part of the larger U.S. 290 Corridor growth area in Waller County, Hempstead is benefitting from major employment gains and new industrial investment: over 1,000 new jobs added in 2024 alone county-wide.

Listing Contacts

BB
TX 701472, OH BRK.200900214 (+21)
Bang Realty
KE
CA CA 01896322
AiCRE Partners
Listed by Bang Realty, AiCRE Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$178,572.00
$14,881.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Brian Brockman
License
701472
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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