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$200K Co-Op Fee | 12-Yr NNN Surgery Center 1240 Clear Lake City Blvd 15,807 SF Retail Building Houston, TX 77062 $11,742,433 CAD ($742.86 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- State of the Art Redevelopment – Delivered in 2024, the property was repurposed to accommodate the tenant’s specialized cardiology services.
- Inflation-Protected Cash Flow – The lease features 3% annual rent increases, offering investors built-in income growth & a hedge against inflation.
- CMS-Certified Facility – Certification by the Centers for Medicare & Medicaid Services allows the center to treat a broad patient population.
- Long-Term NNN Lease – The tenant signed an original 14-year lease in 2024, demonstrating its long-term commitment to the location.
- Tax-Free/Top Destination State – Texas is one of nine states with no personal income tax, offering potential tax advantages for investors.
- Experienced Onsite Physicians – With over 13 physicians, the practice brings strong patient trust and clinical continuity to the site.
EXECUTIVE SUMMARY
Matthews™ Healthcare Division is pleased to present the opportunity to acquire a state-of-the-art cardiology ambulatory surgery center (ASC) and Office-Based Lab (OBL) operated by Qoros. The facility is comprised of approximately 42% ASC, 28% OBL, and 30% administrative space. By combining an ASC with an OBL, this facility allows Qoros to deliver a comprehensive spectrum of outpatient cardiovascular care, ranging from diagnostic procedures to advanced interventions, in a single, integrated location.
This offering represents a 100% fee simple interest in a 1.11-acre parcel in Clear Lake, an affluent Houston submarket with average household incomes of approximately $121,000 within a one-mile radius. The tenant has invested approximately $3.2 million to transform this 15,807 SF property into a cutting-edge medical facility, underscoring their long-term commitment to the location. The extensive capital improvements required to establish such facilities make relocation both impractical and cost-prohibitive, providing investors with an added layer of security and stability.
Qoros has established partnerships with more than 11 prominent cardiology practices in Texas and Florida, expanding its footprint across key growth markets. By aligning with leading cardiology groups, Qoros enhances its care continuum and increases the long-term sustainability of its facilities.
The lease commenced in 2024, when the building was repurposed, and carries more than 12 years of remaining term. Structured as a NNN lease with minimal landlord responsibilities, it also provides 3% annual rental increases.
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
This offering represents a 100% fee simple interest in a 1.11-acre parcel in Clear Lake, an affluent Houston submarket with average household incomes of approximately $121,000 within a one-mile radius. The tenant has invested approximately $3.2 million to transform this 15,807 SF property into a cutting-edge medical facility, underscoring their long-term commitment to the location. The extensive capital improvements required to establish such facilities make relocation both impractical and cost-prohibitive, providing investors with an added layer of security and stability.
Qoros has established partnerships with more than 11 prominent cardiology practices in Texas and Florida, expanding its footprint across key growth markets. By aligning with leading cardiology groups, Qoros enhances its care continuum and increases the long-term sustainability of its facilities.
The lease commenced in 2024, when the building was repurposed, and carries more than 12 years of remaining term. Structured as a NNN lease with minimal landlord responsibilities, it also provides 3% annual rental increases.
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,807 SF
Building Class
B
Year Built
2000
Price
$11,742,433 CAD
Price Per SF
$742.86 CAD
Cap Rate
6%
NOI
$704,546 CAD
Tenancy
Single
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.33
Lot Size
1.11 AC
Zoning
None
Frontage
200’ on 1240 Clear Lake City Blvd
AMENITIES
- Mezzanine
- Security System
- Signage
- Drive Thru
- Accent Lighting
- Storage Space
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1168750050043 | Improvements Assessment | $6,593,342 CAD |
| Land Assessment | $682,939 CAD | Total Assessment | $7,276,282 CAD |
PROPERTY TAXES
Parcel Number
1168750050043
Land Assessment
$682,939 CAD
Improvements Assessment
$6,593,342 CAD
Total Assessment
$7,276,282 CAD
CONTACTS
-
Andrew Fagundo -
Tyler Swade -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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$200K Co-Op Fee | 12-Yr NNN Surgery Center | 1240 Clear Lake City Blvd
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