8929 Spring Cypress Rd - Total Point ER | 18yrs Remain Abs NNN w/ Incr
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8929 Spring Cypress Rd - Total Point ER | 18yrs Remain Abs NNN w/ Incr
6,625 SF Health Care Building Offered at $10,150,145 CAD at a 7.25% Cap Rate in Spring, TX 77379
Investment Highlights
- Approximately 18 Years Remaining on Lease | Options To Extend | 2% Annual Rental Increases
- Total Point ER | Rapidly Expanding Company
- Strategically Located Along Spring Cypress Road (36,400 VPD) | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Tax-Free State
- Dense Retail Corridor | National/Credit Tenant Presence | Close to Numerous Residential Communities
- 268,000 residents and 85,000 employees in the 5-mile trade area | Average household income of $124,829
Executive Summary
• The tenant, Total Point ER, recently signed a 20-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 2% annual increases throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease features 2% annual increases throughout the initial term and option periods, growing NOI and hedging against inflation
Property Facts
| Price | $10,150,145 CAD | Lot Size | 1.64 AC |
| Price Per Bed | $10,150,145 CAD | Building Size | 6,625 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 7.25% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2014 |
| Property Subtype | Hospital | Parking Ratio | 3.47/1,000 SF |
| Building Class | B |
| Price | $10,150,145 CAD |
| Price Per Bed | $10,150,145 CAD |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | B |
| Lot Size | 1.64 AC |
| Building Size | 6,625 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 2014 |
| Parking Ratio | 3.47/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 1238270010005 | Improvements Assessment | $3,495,379 CAD |
| Land Assessment | $1,218,204 CAD | Total Assessment | $4,713,584 CAD |
PROPERTY TAXES
Parcel Number
1238270010005
Land Assessment
$1,218,204 CAD
Improvements Assessment
$3,495,379 CAD
Total Assessment
$4,713,584 CAD
zoning
| Zoning Code | Commercial |
| Commercial |
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Britt Raymond -
Kyle Fant -
SRS Real Estate Partners
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8929 Spring Cypress Rd - Total Point ER | 18yrs Remain Abs NNN w/ Incr
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