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Cardiology ASC | 11.7-Year NNN | 3% Increases 1240 Clear Lake City Blvd 15,807 SF Retail Building Houston, TX 77062 $11,046,960 CAD ($698.87 CAD/SF) 6.61% Cap Rate
Investment Highlights
- Delivered in 2024, the property was repurposed to accommodate the tenant’s specialized cardiology services.
- According to ownership, the tenant invested approximately $3.2 million.
- The tenant signed an original 14-year lease in 2024, demonstrating its long-term commitment to the location.
- The facility features two operating rooms, enabling the tenant to perform a wide range of surgical procedures on-site.
- The facility is comprised of approximately 42% ASC, 28% OBL, and 30% administrative space.
Executive Summary
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
*Andrew Fagundo, Michael Moreno, Tyler Swade and Rahul Chhajed (in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code).
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
*Andrew Fagundo, Michael Moreno, Tyler Swade and Rahul Chhajed (in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,807 SF
Building Class
B
Year Built
2000
Price
$11,046,960 CAD
Price Per SF
$698.87 CAD
Cap Rate
6.61%
NOI
$730,204 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
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1168750050043 | Improvements Assessment | $6,461,205 CAD |
| Land Assessment | $669,252 CAD | Total Assessment | $7,130,458 CAD |
Property Taxes
Parcel Number
1168750050043
Land Assessment
$669,252 CAD
Improvements Assessment
$6,461,205 CAD
Total Assessment
$7,130,458 CAD
Contacts
-
Andrew Fagundo -
Tyler Swade -
Kyle Mackulak -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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Cardiology ASC | 11.7-Year NNN | 3% Increases | 1240 Clear Lake City Blvd
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