Copper Grove Corner
Retail | 6.99% CAP | 14,000 SqFt
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
Copper Grove Corner is well positioned just off the regional intersection of Hwy 6 and Huffmeister Rd. The Property is easily accessible to Hwy 290 and FM 1960, two major arterials for the Houston MSA. Copper Grove Corner is located within a dense and established residential node with over 124,000 homes within 5 miles. The Property features ingress/egress points along Hwy 6 as well as Point NW Blvd with additional cross-access points with the adjacent development. The Property is supported by strong demographics within the surrounding area. Within 5 miles, the population is more than 321,000 and the daytime population exceeds 200,000. Additionally, the average household income is more than $130,000.
Investment highlights
- 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).
- 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.
- Copper Grove Corner was recently renovated in 2025 featuring a new roof, three (3) new rooftop HVAC units, paint, fascia, fence and landscaping.
- 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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