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Office Medical

North Shepherd Kidney Center

7272 N Shepherd Dr, Houston, TX 77091

Listing Price: $6,100,000

Cap Rate
5.04%
Gross SF
15,774
Rentable SF
15,774
Price/Gross SF
$386.71
Occupancy
100.0%
Year Built
2005
Lot Size
3.40 acres

Investment Overview

Marcus & Millichap is pleased to present a net-leased essential medical office investment opportunity in Houston, TX. The property is one hundred percent leased with the anchor tenant being DaVita Dialysis; one of the leading providers of renal care in the United States. Dialysis Access Management Center occupy building 2, providing the owner with great stability between the synergistic businesses. The location has been, and continues to be, synonymous with providing life sustaining health services to the North Houston community. DaVita - North Shepard is a high-volume clinic containing 30 dialysis stations. The business operates multiple shifts a day, six days a week. The lease features a low rent per square foot, making it difficult to replace, and attractive annual rent escalations as a hedge against inflation. DaVita Dialysis and Dialysis Access Management Center have been tenants since 2006.

Investment Highlights

  • Triple Net Leases | Limited Landlord Responsibilities
  • Annual Rental Increases for DaVita
  • Property Includes 0.64 Acre (28,005 SF) Lot Available for Development; Onsite Retention Pond to Hold and Distribute Rain Runoff to Prevent Flooding (Property Has Never Flooded)
  • Recent CapEx: Interior Space Renovations, Back-up Generator, Electrical Upgrades to Pylon Sign, Parking Lot Restriped with New LED Lighting Installed
  • New HVAC Units; 8/9 Units Replaced Building 1; Both HVAC Units for Building 2. All within the Past 6 Years

Exclusively Listed By

Financing By

Office Medical

North Shepherd Kidney Center

Listing Price: $6,100,000

Cap Rate
5.04%
Gross SF
15,774
Rentable SF
15,774
Price/Gross SF
$386.71
Occupancy
100.0%
Year Built
2005
Lot Size
3.40 acres

Investment Highlights

  • Triple Net Leases | Limited Landlord Responsibilities
  • Annual Rental Increases for DaVita
  • Property Includes 0.64 Acre (28,005 SF) Lot Available for Development; Onsite Retention Pond to Hold and Distribute Rain Runoff to Prevent Flooding (Property Has Never Flooded)
  • Recent CapEx: Interior Space Renovations, Back-up Generator, Electrical Upgrades to Pylon Sign, Parking Lot Restriped with New LED Lighting Installed
  • New HVAC Units; 8/9 Units Replaced Building 1; Both HVAC Units for Building 2. All within the Past 6 Years

Investment Overview

Marcus & Millichap is pleased to present a net-leased essential medical office investment opportunity in Houston, TX. The property is one hundred percent leased with the anchor tenant being DaVita Dialysis; one of the leading providers of renal care in the United States. Dialysis Access Management Center occupy building 2, providing the owner with great stability between the synergistic businesses. The location has been, and continues to be, synonymous with providing life sustaining health services to the North Houston community. DaVita - North Shepard is a high-volume clinic containing 30 dialysis stations. The business operates multiple shifts a day, six days a week. The lease features a low rent per square foot, making it difficult to replace, and attractive annual rent escalations as a hedge against inflation. DaVita Dialysis and Dialysis Access Management Center have been tenants since 2006.

Exclusively Listed By

Financing By

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