Copper Grove Corner
Cap Rate 6.99% | Copper Grove Corner | Houston, TX
Marketing description
Copper Grove Corner is a medical anchored investment opportunity located in Houston, TX. The Property is anchored by Fresenius Kidney Care, who recently renewed a 7-year term with three (3) 5-year options. The lease is signed by Bio-Medical Applications of Texas, Inc. and guaranteed by Fresenius Medical Care Holdings, Inc. (NYSE: FMS). Copperfield Medical Building was recently renovated in 2025 featuring a new roof, three (3) new rooftop HVAC units, paint, fascia, fence and landscaping. This is an attractive opportunity to purchase a property with a significant portion of the major components replaced including the roof and all HVAC on Fresenius, updated fascia and monument sign.
Investment highlights
LONG-TERM CORPORATE GUARANTEE WITH MEDICAL ANCHOR
The Property is anchored by Fresenius Kidney Care, who recently renewed a 7-year term with three (3) 5-year options. The lease is signed by Bio-Medical Applications of Texas, Inc. and guaranteed by Fresenius Medical Care Holdings, Inc. (NYSE: FMS).
BUILT IN RENT GROWTH
Fresenius Kidney Care escalates at 2.5% per year, the Master Lease suite is underwritten at 3% annual bumps and the center’s NOI compounds to $261,768 by year 7.
RECENTLY RENOVATED BUILDING
Copper Grove Corner was recently renovated in 2025 featuring a new roof, three (3) new rooftop HVAC units, paint, fascia, fence and landscaping.
DENSE & ESTABLISHED RESIDENTIAL NODE
The Property is ideally positioned just off the regional intersection of Hwy 6 and Huffmeister Rd within a dense and established residential node featuring over 124,000 homes within 5 miles.
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