Sold Subscription Required
| Price $3,820,000 | Built/Renov 2018 | Tenant Village Green Alzheimer's Care Home |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
10,190
| Lease Start
11-22-2018
| #Units
12
|
| Price/SF $374.88 | Expiration
11-21-2033
| Tenant Type Medical/Health |
| NOI $210,119 | R. Term 8.11 | Ownership Fee Simple |
| Rent/SF
$20.62
| Increases 2.0%/1/yrs | Pop 5Mi 112,982 |
| Lot/AC 1.00 | Options 3/5yrs/2% | AHHI 5Mi $118,319 |
| | |
The site is strategically located along Medical Complex Drive, and benefits from nearby direct on/off ramp access into State Highway 249 (46,200 VPD). It is a major commuter thoroughfare connecting with Interstate 45 and provides direct access into downtown Houston. Village Green is within walking distance to numerous single-family communities and multi-family complexes, providing convenience...
...Dense retail corridor
Hospital close
Strong tenant synergy
Highway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Income tax free state
Absolute NNN
Annual rent increases
Personal guarantee
Village Green, LLC is an operator of Village Green Alzheimer’s Care Homes which offers memory care facilities for individuals suffering from dementia and Alzheimer’s throughout the Houston and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 6,115 | 31,946 | 132,965 |
| 2023 Total Population : | 5,418 | 29,508 | 125,652 |
| 2023 Employed Civilian Pop : | 2,381 | 14,788 | 62,935 |
| 2023 Total Businesses : | 887 | 1,873 | 3,584 |
| 2023 Average Household Income : | $ 59,141 | $ 110,926 | $ 130,942 |
| 2023 Total Consumer Spending : | $ 126 M | $ 1034 M | $ 4725 M |
| 2023 Median Age : | 43 | 39 | 35 |
| 2023 Total Households : | 2,424 | 10,769 | 42,182 |
| 2023 Pop Age 25+: Bachelor's Degree : | 715 | 6,145 | 26,467 |
| 2023 Average Home Value : | $ 273,649 | $ 373,713 | $ 370,341 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| James St | School Rd | 2011 | 4,610 | 0.45 mi |
| Vernon St | Barbara St | 2011 | 640 | 0.49 mi |
| Theis Ln | Alice Rd | 2011 | 4,790 | 0.62 mi |
| TX 249 Business | Keefer Rd | 2021 | 20,000 | 0.62 mi |
| Tomball Parkway | Hooper Rd | 2020 | 20,218 | 0.62 mi |
| Alma St | Ella St | 2001 | 2,850 | 0.62 mi |
| Bs 249-B | Hooper Rd | 2013 | 23,063 | 0.63 mi |
| Tomball Parkway | Hooper Rd | 2018 | 22,261 | 0.63 mi |
| Hirschfield Rd | Bs 249-B | 2011 | 1,520 | 0.65 mi |
| S Cherry St | Willowick St | 2011 | 6,150 | 0.72 mi |
McKinney, TX
Cap Rate 6.25%
Lease Double NN
R. Term 9.30 yrs
Size/SF 3,530
Lewiston, NY
Cap Rate 6.25%
Lease NN+
R. Term 9.00 yrs
Size/SF 4,250
Columbus, OH
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 5,605
Baton Rouge, LA
Cap Rate 6.40%
Lease Abs NNN
R. Term 12.60 yrs
Size/SF 10,043
St. Louis, MO
Cap Rate 6.50%
Lease NN+
R. Term 13.00 yrs
Size/SF 5,050
St. Louis, MO
Cap Rate 6.50%
Lease NN+
R. Term 14.20 yrs
Size/SF 4,720
Burton, MI
Cap Rate 6.50%
Lease Double NN
R. Term 9.11 yrs
Size/SF 10,900
Orlando, FL
Cap Rate 5.65%
Lease Double NN
R. Term 9.80 yrs
Size/SF 4,000
St. Augustine, FL
Cap Rate 5.85%
Lease NN+
R. Term 8.10 yrs
Size/SF 4,328
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
