1240 Clear Lake City Blvd - Freestanding FOR SALE


Houston, TX 77062- Clear Lake
$8,411,967 USD
818-484-1658
1240 Clear Lake City Blvd, Houston, TX for Sale
$8,411,967 USD
Freestanding - FOR SALE
1/3
null | 6% Cap Rate

1240 Clear Lake City Blvd
Houston, TX 77062
Clear Lake


HIGHLIGHTS

  • State of the Art Redevelopment – Delivered in 2024, the property was repurposed to accommodate the tenant’s specialized cardiology services.
  • Long-Term NNN Lease – The tenant signed an original 14-year lease in 2024, demonstrating its long-term commitment to the location.
  • Inflation-Protected Cash Flow – The lease features 3% annual rent increases, offering investors built-in income growth & a hedge against inflation.
  • Tax-Free/Top Destination State – Texas is one of nine states with no personal income tax, offering potential tax advantages for investors.
  • CMS-Certified Facility – Certification by the Centers for Medicare & Medicaid Services allows the center to treat a broad patient population.
  • Experienced Onsite Physicians – With over 13 physicians, the practice brings strong patient trust and clinical continuity to the site.

OVERVIEW

Matthews™ Healthcare Division is pleased to present the opportunity to acquire a state-of-the-art cardiology ambulatory surgery center (ASC) and Office-Based Lab (OBL) operated by Qoros. The facility is comprised of approximately 42% ASC, 28% OBL, and 30% administrative space. By combining an ASC with an OBL, this facility allows Qoros to deliver a comprehensive spectrum of outpatient cardiovascular care, ranging from diagnostic procedures to advanced interventions, in a single, integrated location. This offering represents a 100% fee simple interest in a 1.11-acre parcel in Clear Lake, an affluent Houston submarket with average household incomes of approximately $121,000 within a one-mile radius. The tenant has invested approximately $3.2 million to transform this 15,807 SF property into a cutting-edge medical facility, underscoring their long-term commitment to the location. The extensive capital improvements required to establish such facilities make relocation both impractical and cost-prohibitive, providing investors with an added layer of security and stability. Qoros has established partnerships with more than 11 prominent cardiology practices in Texas and Florida, expanding its footprint across key growth markets. By aligning with leading cardiology groups, Qoros enhances its care continuum and increases the long-term sustainability of its facilities. The lease commenced in 2024, when the building was repurposed, and carries more than 12 years of remaining term. Structured as a NNN lease with minimal landlord responsibilities, it also provides 3% annual rental increases. Broker of Record Patrick Graham License # 9005919 (TX) Matthews Real Estate Investment Services, Inc 8300 Douglas Ave., Ste. 750, Dallas, TX 75225 (866) 889-0550

FOR SALE DETAILS

PRICE

$8,411,967 USD

PRICE/SF

$532 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$200K Co-Op Fee | 12-Yr NNN Surgery Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Fast Food, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

None

APN/PARCEL ID

1168750050043

ASK ABOUT THIS PROPERTY

Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

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Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

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