1729 S Friendswood Dr | Friendswood, TX 77546
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1729 S Friendswood Dr
Friendswood, TX 77546
CareNow Urgent Care · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Triple-Net Lease with Two Percent Annual Rent Increases
- Built-In Customer Base - More Than 149,872 Residents Within a Five-Mile Radius
- Strong Medical Synergy - Located Five Miles From HCA Houston Healthcare Clear Lake
- Excellent Access and Visibility on South Friendswood Drive (19,048 VPD) Near the Signalized Hard Corner of East Parkwood Avenue (27,399 VPD)
- Affluent Houston, Texas MSA Suburb – Average Household Income is $197,962 (1-Mile Radius)
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease CareNow in Friendswood, TX. The property consists of a 5,664-square-foot, freestanding building that sits on approximately 1.09 acres of land. There are 3.8 years remaining on the lease with 2% rental increases annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
5,664 SF
Building Class
B
Year Built
2017
Price
$5,385,375 CAD
Price Per SF
$950.81 CAD
Cap Rate
6.50%
NOI
$349,999 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.09 AC
PROPERTY TAXES
| Parcel Number | 4094-0000-0000-102 | Improvements Assessment | $1,632,780 CAD |
| Land Assessment | $1,829,556 CAD | Total Assessment | $3,462,336 CAD |
PROPERTY TAXES
Parcel Number
4094-0000-0000-102
Land Assessment
$1,829,556 CAD
Improvements Assessment
$1,632,780 CAD
Total Assessment
$3,462,336 CAD
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