$8,411,967 USD
818-484-1658
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.
FOR SALE DETAILS
PRICE
$8,411,967 USD
PRICE/SF
$545 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
QOROS ASC | 12+ Yr NN Lease | 3% Increases
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront Retail/Office, 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
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818-484-1658
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818-484-1658
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