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31435153
31435151

17030 Red Oak Dr, Houston, TX 77090

RL
NJ NJ 2189708, PA RS379091
Zeustra Healthcare Real Estate Advisors
Listed by Zeustra Healthcare Real Estate Advisors
$3,250,000
93 days on market
Updated 57 days ago

TOPS Comprehensive Breast Center

Details
Property Type Office
Sub Type Medical Office
Square Footage 10,000
Cap Rate 9.23%
NOI $300,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 10/30/2028
Remaining Term 2.3
Rent Bumps No
Lease Options (3) 5 year
Price per SqFt $325
Broker Co-Op Yes
Class A
Year Built 2005
Buildings 1
Acreage 0.720
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

9.23% Cap NNN Medical Asset | Strong Tenant | High-Growth Houston Market

Marketing description

Zeustra, LLC (“Zeustra”) is pleased to present the exclusive opportunity to acquire a 100% leased, 10,000 square foot medical office building in Houston, Texas, net leased to TOPS Surgical Specialty Hospital, a physician-owned inpatient and outpatient surgical specialty operator. The property is secured by an absolute NNN lease and generates $300,000 in annual NOI, offering investors stable in-place income from an established healthcare tenant. TOPS has successfully operated from this location since 2005, and has recently made meaningful interior improvements in the last year, and further demonstrates its commitment to the site through ownership and operation of the adjacent surgical hospital immediately next door. The tenant also brings substantial financial strength, having generated over $24 million in EBITDA in 2024, while continuing to expand its outpatient footprint across the Houston market.

Positioned in Harris County, the largest county in Texas and the first in the state to surpass 5 million residents, the property benefits from one of the strongest population growth stories in the country. According to the U.S. Census Bureau, Harris County’s population reached 5,009,302 and grew 6.7% from April 2020 to July 2025; from 2023 to 2024 alone, the county added 105,852 residents, the largest numeric gain of any county in the United States. The broader Houston-The Woodlands-Sugar Land metro remains the fifth-largest metro area in the nation, with an estimated population of approximately 7.8 million, reinforcing the depth and long-term demand drivers of the surrounding healthcare market.

Investment highlights

  • Prime Houston location in a rapidly growing, high-demand medical corridor.
  • Established medical tenant with proven operating history.
  • Adjacent to major hospital system driving referrals and long-term demand.
  • Strong demographics with population and healthcare utilization growth.
  • Supply-constrained infill location with limited competing medical inventory.
  • Sticky medical tenancy supported by proximity to hospital and patient base.

Listing Contacts

RL
NJ NJ 2189708, PA RS379091
Zeustra Healthcare Real Estate Advisors
Listed by Zeustra Healthcare Real Estate Advisors

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Loan Amount
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Annual Cash Flow
$300,000.00
$25,000.00/mo

Valuation Metrics

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DSCR
9.23%
Cap Rate
9.23%
ROI

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