Miscellaneous

Rocky Creek Medical Building

Listing Price: $2,587,000

Cap Rate
7.00%
Tenant Name
Rocky Creek Family Medicine
Years Remaining On Lease
10.20
Gross SF
10,500
Rentable SF
10,500
Price/Gross SF
$246.38
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.25

Investment Overview

Marcus & Millichap is pleased to offer the Rocky Creek Medical Building (Property) in Missouri City, Texas (Houston MSA) for your consideration. This single tenant medical building was constructed in 2007 and consists of a 10,500 square foot building on a 37,696 square foot parcel.
The Property is 100% leased to Rocky Creek Family Medicine, a prominent local practice ideal for the surrounding high demographic neighborhoods. Average household income exceeds $162,000 in a 1-mile radius and stays above $99,000 in a 5-mile radius. The tenant has a NNN lease with a rent increase in approximately 5 years that provides an appealing hedge against inflation. There are also rent increases in the option period.
Offered for $2,682,755, Rocky Creek Medical Building offers an excellent opportunity to procure an essential business-backed investment surrounded by some of the highest demographic neighborhoods in the Houston area.

Investment Highlights

  • Constructed in 2007 | 10,500 Square Foot Building | 0.87 Acre Parcel
  • Established Location in High Demographic Area | AHI Exceed $162,000 in 1-Mile
  • 100% Leased to Rocky Creek Family Medicine | NNN Lease
  • +/- 10 Years Remaining on Lease | Rent Increases in Year 5 and in Option Period
  • Single Tenant Medical Building

Exclusively Listed By

Miscellaneous

Rocky Creek Medical Building

Listing Price: $2,587,000

Cap Rate
7.00%
Tenant Name
Rocky Creek Family Medicine
Years Remaining On Lease
10.20
Gross SF
10,500
Rentable SF
10,500
Price/Gross SF
$246.38
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.25

Investment Highlights

  • Constructed in 2007 | 10,500 Square Foot Building | 0.87 Acre Parcel
  • Established Location in High Demographic Area | AHI Exceed $162,000 in 1-Mile
  • 100% Leased to Rocky Creek Family Medicine | NNN Lease
  • +/- 10 Years Remaining on Lease | Rent Increases in Year 5 and in Option Period
  • Single Tenant Medical Building

Investment Overview

Marcus & Millichap is pleased to offer the Rocky Creek Medical Building (Property) in Missouri City, Texas (Houston MSA) for your consideration. This single tenant medical building was constructed in 2007 and consists of a 10,500 square foot building on a 37,696 square foot parcel.
The Property is 100% leased to Rocky Creek Family Medicine, a prominent local practice ideal for the surrounding high demographic neighborhoods. Average household income exceeds $162,000 in a 1-mile radius and stays above $99,000 in a 5-mile radius. The tenant has a NNN lease with a rent increase in approximately 5 years that provides an appealing hedge against inflation. There are also rent increases in the option period.
Offered for $2,682,755, Rocky Creek Medical Building offers an excellent opportunity to procure an essential business-backed investment surrounded by some of the highest demographic neighborhoods in the Houston area.

Exclusively Listed By

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