Healthcare

SignatureCare Emergency Center - Houston, TX

621 Rayford Rd Spring, Texas United States 77386-1921
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Year Built 2015
Building Area
Land Area ()

Property Description

JLL on behalf of “The Seller”, is pleased to offer for sale the fee-simple interest in a 6,550 square foot single-tenant emergency care facility at 621 Rayford Road (the “Property”, “Asset”) in Spring, TX. The Property is leased to SignatureCare Emergency Center (the “Tenant”, “SignatureCare”) through February 2031, one of the leading urgent care medical providers in the state of Texas. With over 37,000 vehicles per day along Rayford Road, a premier driving route with direct access to Interstate 45 (150,000 VPD) to the west, the Property sits in a strategic location for the Tenant, highly accessible to the heavy traffic and the dense surrounding population. The Property is located in The Woodlands, TX, a city north of Houston that has seen over 33% population growth since 2010 and is projected to grow an additional 15% through 2025. In addition to being one of the fastest-growing cities in Texas, The Woodlands is also home to a large corporate office presence and a booming medical with five of the largest hospital systems in the country. The Property represents a unique opportunity to acquire a single-tenant medical asset in a growing location in the Houston MSA, offering a passive NNN lease structure with attractive rental increases.

Investment Highlights

  • 10-YEAR ABSOLUTE NNN LEASE WITH ATTRACTIVE RENT INCREASES
  • MEDICAL TENANCY FROM A LEADING TEXAS URGENT CARE OPERATOR
  • BOOMING MEDICAL HUB AND FAST-GROWING POPULATION IN THE WOODLANDS, TX
  • HIGH-TRAFFIC LOCATION IMMEDIATELY PROXIMATE TO INTERSTATE 45
Last Updated Date: 20 Jul 2021
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 20 Jul 2021

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