Houston Physicians’ Hospital | NNN Lease 8405 Wynbrook St 10 080 pi² Bureau Immeuble Houston, TX 77061 2 187 844 $ CAD (217,05 $ CAD/pi²) 6,50% Taux de capitalisation

Matthews™ Healthcare Division is pleased to present the opportunity to acquire a specialized aquatic physical therapy facility operated by Houston Physicians’ Hospital. The tenant entity represents a joint venture partnership between Memorial Hermann Health System (Fitch: AA-) and United Surgical Partners International (USPI) (51%), along with Houston Physicians’ Hospital (49%). This structure provides investors with enhanced security and confidence given the partnership’s strong credit profile and institutional backing.
The offering comprises a 100% fee simple interest in a 0.55-acre parcel located in one of Houston’s thriving northern suburbs. Houston, home to more than 7.5 million residents, ranks among the nation’s leading economic centers—boasting the third-largest concentration of Fortune 500 companies in the U.S. If considered an independent country, Houston’s economy would rank as the 24th largest in the world.
The 8,048-square-foot rehabilitation facility features a dedicated aquatic therapy pool, purpose-built to facilitate low-impact, high-efficiency recovery for orthopedic, neurologic, and post-surgical patients. This niche therapy component underscores the facility’s specialized service offering and contributes to a stable, referral-driven patient base.
Memorial Hermann Health System (Fitch: AA-) reported approximately $8.6 billion in annual revenue for the twelve months ending June 30, 2024. USPI, a subsidiary of Tenet Healthcare Corporation (NYSE: THC), operates more than 500 surgical facilities nationwide. These affiliations with financially strong, nationally recognized healthcare organizations reinforce the tenant’s credit quality and further bolster buyer confidence.
The tenant’s NNN lease is in place through 2030. Should the current tenant entity decide not to renew either lease in 2030, an affiliated HPH entity has executed a forward lease at the property effectively providing investors an additional 7 years of lease term through 2037. A rental obligation of $1,277,000 has been placed in escrow – thus providing investors additional security that they will receive a rental income stream for the property through 2037 while also creating a significant incentive for the current tenant entity to renew their lease.
The combination of institutional credit, specialized healthcare use, and built-in lease protections positions this asset as a compelling long-term investment in the Houston MSA.

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