12101 Grant Rd - Medical FOR SALE


Cypress, TX 77429
$3,025,000 USD
847-553-6285
12101 Grant Rd, Cypress, TX for Sale
$3,025,000 USD
Medical - FOR SALE
1/32
null | 7.02% Cap Rate

12101 Grant Rd
Cypress, TX 77429


HIGHLIGHTS

  • Brand New Seven-Year Extension
  • Corporate Lease, National Operator
  • Below-Market Rent
  • Built-In NOI Growth
  • Triple Net, No Landlord Burden
  • Purpose-Built for the Use

OVERVIEW

Partners is pleased to offer 12101 Grant Road, a 9,230 SF single-tenant medical building in Cypress, Texas, leased in its entirety to Action Behavior Centers. The tenant signed a brand new seven-year extension running through July 2034 with 2.5% annual increases and two five-year renewal options. Base rent of $23.00 PSF NNN sits below market for the submarket, and the lease is triple net, so operating expenses are reimbursed in full. Offered at $3,025,000, a 7.02% cap rate on the first full year of extension income.

FOR SALE DETAILS

PRICE

$3,025,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

None

APN/PARCEL ID

1267460010001

ASK ABOUT THIS PROPERTY

Ryan McCulloughPartnersMore Info
847-553-6285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ryan McCulloughPartnersMore Info
847-553-6285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.