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Houston Methodist Primary Care 8330 Highway 6 13,470 SF Office Building Missouri City, TX 77459 $7,489,111 CAD ($555.98 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Houston Methodist Recently Exercised Its 5-Year Renewal Option, Reinforcing Long-Term Commitment
- Excellent Lease Guarantor – S&P “AA” Credit and $3 Billion in Annual Revenue
- Located Along Busy State Highway 6 With 58,000+ Vehicles Per Day With Access at a Signalized Intersection
- Corporate Backed NN Lease – Landlord Only Responsible for Roof & Structure
- Only 4 Miles From Houston Methodist Sugar Land Hospital – A Leading Regional Campus With Over 300 Beds and Extensive Expansion Plans
- Dense and Affluent Trade Area – 192,000+ Residents Within 5 Miles, $152,000+ Avg. HH Income, and 42% Population Growth Since 2010 With 9.3% Expected
EXECUTIVE SUMMARY
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire Houston Methodist Primary Care Center in Missouri City, TX. This property features a corporate-backed NN lease, which was recently renewed for five years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
13,470 SF
Building Class
C
Year Built
2014
Price
$7,489,111 CAD
Price Per SF
$555.98 CAD
Cap Rate
7.50%
NOI
$561,614 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,650 SF
Building FAR
0.21
Lot Size
1.48 AC
Parking
65 Spaces (4.89 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 0077-00-000-1152-907 | Improvements Assessment | $1,392,875 CAD |
| Land Assessment | $1,096,811 CAD | Total Assessment | $2,489,686 CAD |
PROPERTY TAXES
Parcel Number
0077-00-000-1152-907
Land Assessment
$1,096,811 CAD
Improvements Assessment
$1,392,875 CAD
Total Assessment
$2,489,686 CAD
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Houston Methodist Primary Care | 8330 Highway 6
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