Net Lease
Evident
110 Magellan Cir, Webster, TX 77598
Listing Price: $7,792,000
Investment Overview
Strategic Houston MSA Location
• Located within the Houston MSA, the fifth-largest metropolitan area in the United States
with more than 7.6 million residents
• Positioned near major aerospace, healthcare, and technology employment hubs, including
NASA Johnson Space Center, Boeing, Lockheed Martin, and HCA Healthcare facilities
• Houston’s diversified economy is anchored by energy, healthcare, logistics, manufacturing,
and professional services sectors
Global Technology Tenant with Industry Leadership
• Leased to Evident Scientific, a global leader in advanced imaging, microscopy, and industrial
inspection technologies
• Company leverages more than 100 years of optical and scientific expertise originating
from Olympus Corporation’s Scientific Solutions Division
• Worldwide operating platform spanning North America, Europe, and Asia supports a
diversified global customer base
• Tenant serves mission-critical industries including aerospace, automotive, manufacturing,
energy, and scientific research sectors
Mission-Critical Industrial Facility
• Purpose-built ±24,570 SF industrial/flex facility constructed in 2016 and fully occupied
by Evident Scientific
• Mission-critical location supporting advanced imaging, microscopy, and industrial inspection
operations
• 100% occupied single-tenant asset situated on approximately 1.09 acres in Webster,
Texas
• Fee simple ownership provides investors with long-term control of the underlying real
estate
Evident
Investment Highlights
- Double Net lease structure provides investors with limited responsibilities
- Current lease term extends through October 31, 2031, with one five-year renewal option remaining
- Built-in 3.5% annual rental increases provide consistent income growth and a hedge against inflation
- Strong in-place NOI of approximately $545,545 offers immediate passive cash flow to investors
Exclusively Listed By
Listing Price: $7,792,000
Investment Highlights
- Double Net lease structure provides investors with limited responsibilities
- Current lease term extends through October 31, 2031, with one five-year renewal option remaining
- Built-in 3.5% annual rental increases provide consistent income growth and a hedge against inflation
- Strong in-place NOI of approximately $545,545 offers immediate passive cash flow to investors
Investment Overview
Strategic Houston MSA Location • Located within the Houston MSA, the fifth-largest metropolitan area in the United States with more than 7.6 million residents • Positioned near major aerospace, healthcare, and technology employment hubs, including NASA Johnson Space Center, Boeing, Lockheed Martin, and HCA Healthcare facilities • Houston’s diversified economy is anchored by energy, healthcare, logistics, manufacturing, and professional services sectors Global Technology Tenant with Industry Leadership • Leased to Evident Scientific, a global leader in advanced imaging, microscopy, and industrial inspection technologies • Company leverages more than 100 years of optical and scientific expertise originating from Olympus Corporation’s Scientific Solutions Division • Worldwide operating platform spanning North America, Europe, and Asia supports a diversified global customer base • Tenant serves mission-critical industries including aerospace, automotive, manufacturing, energy, and scientific research sectors Mission-Critical Industrial Facility • Purpose-built ±24,570 SF industrial/flex facility constructed in 2016 and fully occupied by Evident Scientific • Mission-critical location supporting advanced imaging, microscopy, and industrial inspection operations • 100% occupied single-tenant asset situated on approximately 1.09 acres in Webster, Texas • Fee simple ownership provides investors with long-term control of the underlying real estate
Exclusively Listed By
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