Single-Tenant Office Medical

Patient Care Injury Clinic

6660 Airline Dr, Houston, TX 77076

Listing Price: $1,938,462

Cap Rate
6.50%
Tenant Name
Patient Care Injury Clinic
Years Remaining On Lease
6.5
Gross SF
4,500
Guarantor
Private Guarantee
Rentable SF
4,500
Price/Gross SF
$430.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.00

Investment Overview

Marcus & Millichap is pleased to offer for sale this net-leased medical clinic located in Houston, Texas. The 4,500 square foot building was constructed in 2002 and sits on approximately 0.5 acres of land. The tenant has recently remodeled the interior and purchased new imaging equipment, signifying their commitment to the site. The property benefits from its location at the intersection of Airline Drive and Parker Road which sees approximately 25,000 vehicles per day. It has proximity to multiple national retailers such as Walgreens, Domino's, and Wells Fargo. It is also near hospitals at United Memorial Medical Center and Kindred Healthcare. The property has a 10-year, triple-net lease in place that runs through July of 2027. There are $9,000 rent increases every five years. There are two, 5-year tenant renewal options with the same increases at the end of the lease. An investor has an opportunity to acquire a passive investment located in a densely-populated portion of the fourth largest city in the United States. It is currently leased to a flourishing medical practice with multiple providers at the site which should continue to produce excellent cash flow for years to come.

Investment Highlights

  • Long-term, triple-net lease in place
  • High-density area
  • Medical use
  • Proximity to United Memorial Medical Center and Kindred Healthcare

Exclusively Listed By

Financing By

Single-Tenant Office Medical

Patient Care Injury Clinic

Listing Price: $1,938,462

Cap Rate
6.50%
Tenant Name
Patient Care Injury Clinic
Years Remaining On Lease
6.5
Gross SF
4,500
Guarantor
Private Guarantee
Rentable SF
4,500
Price/Gross SF
$430.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.00

Investment Highlights

  • Long-term, triple-net lease in place
  • High-density area
  • Medical use
  • Proximity to United Memorial Medical Center and Kindred Healthcare

Investment Overview

Marcus & Millichap is pleased to offer for sale this net-leased medical clinic located in Houston, Texas. The 4,500 square foot building was constructed in 2002 and sits on approximately 0.5 acres of land. The tenant has recently remodeled the interior and purchased new imaging equipment, signifying their commitment to the site. The property benefits from its location at the intersection of Airline Drive and Parker Road which sees approximately 25,000 vehicles per day. It has proximity to multiple national retailers such as Walgreens, Domino's, and Wells Fargo. It is also near hospitals at United Memorial Medical Center and Kindred Healthcare. The property has a 10-year, triple-net lease in place that runs through July of 2027. There are $9,000 rent increases every five years. There are two, 5-year tenant renewal options with the same increases at the end of the lease. An investor has an opportunity to acquire a passive investment located in a densely-populated portion of the fourth largest city in the United States. It is currently leased to a flourishing medical practice with multiple providers at the site which should continue to produce excellent cash flow for years to come.

Exclusively Listed By

Financing By

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