Listed by Friedman Real Estate
$3,461,680
DaVita Dialysis Houston Denver Harbor - 7065 East Fwy
Details
APN 121-622-001-0001
Property Type Office
Sub Type Medical Office
Square Footage 8,880
Cap Rate 7.00%
NOI $242,318
Tenancy Single
Brand/Tenant DaVita Dialysis
Lease Type NNN
Lease Term 5
Lease Expiration 01/30/2030
Remaining Term 5
Lease Options Two (2) five -year
Year Built 2002
Year Renovated 2015
Acreage 1.230
Parking Spaces 49 spaces
Parking Per SqFt 5.52
7065 East Fwy, Houston, TX 77020
Marketing description
Friedman Real Estate is pleased to present this medical office investment offering in Houston, TX . The subject property is leased to DaVita Dialysis . The current lease term runs through January 31, 2030 with two (2) five -year options with 10% rent increases at each option . The subject property is surrounded by national retailers, pharmacies, and a dense residential population.
Investment highlights
- NNN Lease with DaVita Dialysis (NYSE: DVA)
- Current lease term runs through January 31st, 2030
- Corporate Lease Guarantee with DaVita is in place
- Texas is an Income Tax Free State
- The lease features two (2) five-year options with 10% rent increases at each option
- Surrounded by National retailers, pharmacies, and a dense residential population.
- 3-Mile population exceeds 81,000 residents
- Subject property is located just 6 miles east of Downtown Houston
Listing Contacts
Listed by Friedman Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$242,318.18
$20,193.18/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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