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Single-Tenant Office Medical

CareNow Urgent Care

1729 S Friendswood Dr, Friendswood, TX 77546

Listing Price: $3,733,000

Cap Rate
6.50%
Tenant Name
CareNow
Years Remaining On Lease
3.6
Gross SF
5,664
Guarantor
Corporate Guarantee
Rentable SF
5,664
Price/Gross SF
$659.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.83

Investment Overview

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.

Investment Highlights

  • Triple-Net Lease with Two Percent Annual Rent Increases
  • Excellent Access and Visibility on South Friendswood Drive (19,048 VPD) Near the Signalized Hard Corner of East Parkwood Avenue (27,399 VPD)
  • Built-In Customer Base - More Than 149,872 Residents Within a Five-Mile Radius
  • Affluent Houston, Texas MSA Suburb – Average Household Income is $197,962 (1-Mile Radius)
  • Strong Medical Synergy - Located Five Miles From HCA Houston Healthcare Clear Lake

Exclusively Listed By

Single-Tenant Office Medical

CareNow Urgent Care

Listing Price: $3,733,000

Cap Rate
6.50%
Tenant Name
CareNow
Years Remaining On Lease
3.6
Gross SF
5,664
Guarantor
Corporate Guarantee
Rentable SF
5,664
Price/Gross SF
$659.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.83

Investment Highlights

  • Triple-Net Lease with Two Percent Annual Rent Increases
  • Excellent Access and Visibility on South Friendswood Drive (19,048 VPD) Near the Signalized Hard Corner of East Parkwood Avenue (27,399 VPD)
  • Built-In Customer Base - More Than 149,872 Residents Within a Five-Mile Radius
  • Affluent Houston, Texas MSA Suburb – Average Household Income is $197,962 (1-Mile Radius)
  • Strong Medical Synergy - Located Five Miles From HCA Houston Healthcare Clear Lake

Investment Overview

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.

Exclusively Listed By

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