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Investment Highlights

  • High Traffic Area
  • Newer Building
  • Newly Signed Tenant-5 Year Lease
  • NNN Tenant

Executive Summary

Current tenant signed a 5 year lease in early 2024 with 2 (5 year term) renewals. Leased at $25/psf/year with NNN with 2% rent annual increase.

Property Facts

Price $4,808,020 CAD
Price Per Bed $4,808,020 CAD
Sale Type Investment
Cap Rate 5.72%
Property Type Health Care
Building Class B
Lot Size 0.72 AC
Building Size 7,990 SF
No. Beds 1
No. Stories 2
Year Built 2021
Parking Ratio 6/1,000 SF

Amenities

  • Wheelchair Accessible
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
1370610010009
Land Assessment
$537,905 CAD
Improvements Assessment
$2,345,088 CAD
Total Assessment
$2,882,993 CAD
  • Listing ID: 33613651

  • Date on Market: 2024-10-23

  • Last Updated:

  • Address: 21765 Merchants Way, Katy, TX 77449

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