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Single-Tenant Office Medical

Southern Orthodontic Partners (NNN Lease) - Tomball, TX

29220 Quinn Rd, Tomball, TX 77375

Listing Price: $1,825,000

Cap Rate
5.90%
Tenant Name
Southern Orthodontic Partners (Long Term NNN)
Years Remaining On Lease
7.5
Gross SF
5,310
Guarantor
Corporate Guarantee
Rentable SF
5,310
Price/Gross SF
$343.69
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.29

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Southern Orthodontic Partners a with a triple-net lease in fast-growing Tomball, Texas (Houston MSA). The property consists of a 5,310-square-foot, freestanding building that sits on approximately 0.68 acres of land. There are approximately eight years remaining on the current lease term, with 2 percent annual rental escalations scheduled every year until 2029. The subject property is located in a medical office park on Quinn Road, with proximity to Highway 249 (Tomball Parkway) and nearby major retailers such as HEB Grocery Store, Kroger, CVS, Ross Dress For Less, Starbucks and many other national retailers. The area is extremely dense with more than 98,000 residents within a five-mile radius and an average household income of $131,510 within a five-mile radius. In addition, Tomball Regional Medical Center and HCA Houston Healthcare in Tomball are just south of the property and provide a broad range of medical procedures. Southern Orthodontic Partners is headquartered in Nashville, Tennessee and has expanded to several locations across Texas, Florida, Georgia, Illinois, Missouri, North Carolina, Tennessee, and Virginia.

Investment Highlights

  • 5,310-Square-Foot Single-Tenant Medical Office in Fast-Growing Tomball, Texas (Houston MSA)
  • Passive Investment - Triple-Net Lease With A Successful Long Term Operating History
  • Attractive Lease Term Until 2029 and Two (2) Percent Annual Rent Increases in Primary Term

Exclusively Listed By

Financing By

Single-Tenant Office Medical

Southern Orthodontic Partners (NNN Lease) - Tomball, TX

Listing Price: $1,825,000

Cap Rate
5.90%
Tenant Name
Southern Orthodontic Partners (Long Term NNN)
Years Remaining On Lease
7.5
Gross SF
5,310
Guarantor
Corporate Guarantee
Rentable SF
5,310
Price/Gross SF
$343.69
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.29

Investment Highlights

  • 5,310-Square-Foot Single-Tenant Medical Office in Fast-Growing Tomball, Texas (Houston MSA)
  • Passive Investment - Triple-Net Lease With A Successful Long Term Operating History
  • Attractive Lease Term Until 2029 and Two (2) Percent Annual Rent Increases in Primary Term

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Southern Orthodontic Partners a with a triple-net lease in fast-growing Tomball, Texas (Houston MSA). The property consists of a 5,310-square-foot, freestanding building that sits on approximately 0.68 acres of land. There are approximately eight years remaining on the current lease term, with 2 percent annual rental escalations scheduled every year until 2029. The subject property is located in a medical office park on Quinn Road, with proximity to Highway 249 (Tomball Parkway) and nearby major retailers such as HEB Grocery Store, Kroger, CVS, Ross Dress For Less, Starbucks and many other national retailers. The area is extremely dense with more than 98,000 residents within a five-mile radius and an average household income of $131,510 within a five-mile radius. In addition, Tomball Regional Medical Center and HCA Houston Healthcare in Tomball are just south of the property and provide a broad range of medical procedures. Southern Orthodontic Partners is headquartered in Nashville, Tennessee and has expanded to several locations across Texas, Florida, Georgia, Illinois, Missouri, North Carolina, Tennessee, and Virginia.

Exclusively Listed By

Financing By

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