13233 Medical Complex Dr - Village Green Care | 11.5+yrs Abs NNN
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13233 Medical Complex Dr - Village Green Care | 11.5+yrs Abs NNN
10,190 SF Health Care Building Offered at $5,414,545 CAD at a 5.50% Cap Rate in Tomball, TX 77375
Investment Highlights
- Over 11.5 Years Remaining | Scheduled Rental Increases | Personally Guaranteed | Well-Known & Established Tenant
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong Tenant Presence | Across From HCA Houston Healthcare Tomball
- Located Along Medical Complex Drive | Centralized Location | Nearby Residential Communities | Strong Trade Area Demographics
Executive Summary
• The tenant has over 11.5 years of firm term remaining with 3 (5-year) option periods left to extend
• The lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease is personally guaranteed - tenant and guarantors are to report sales upon request
• The lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease is personally guaranteed - tenant and guarantors are to report sales upon request
Property Facts
| Price | $5,414,545 CAD | Lot Size | 1.00 AC |
| Price Per Bed | $22,467 CAD | Building Size | 10,190 SF |
| Sale Type | Investment | No. Beds | 241 |
| Cap Rate | 5.50% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2018 |
| Property Subtype | Assisted Living | Parking Ratio | 0.98/1,000 SF |
| Building Class | B |
| Price | $5,414,545 CAD |
| Price Per Bed | $22,467 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 10,190 SF |
| No. Beds | 241 |
| No. Stories | 1 |
| Year Built | 2018 |
| Parking Ratio | 0.98/1,000 SF |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,997,908 CAD | |
| Land Assessment | $2,566,542 CAD | Total Assessment | $4,564,450 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,566,542 CAD
Improvements Assessment
$1,997,908 CAD
Total Assessment
$4,564,450 CAD
zoning
| Zoning Code | AG (Agricultural District) |
| AG (Agricultural District) |
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Michael Carter -
Frank Rogers -
SRS Real Estate Partners
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13233 Medical Complex Dr - Village Green Care | 11.5+yrs Abs NNN
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