17030 Red Oak Dr - Medical FOR SALE


Houston, TX 77090- Cypress Station
$4,285,714 USD
612-413-4200
17030 Red Oak Dr, Houston, TX for Sale
$4,285,714 USD
Medical - FOR SALE
1/6
null | 7% Cap Rate

17030 Red Oak Dr
Houston, TX 77090
Cypress Station


OVERVIEW

Established Medical Tenant - TOPS Surgical Specialty Hospital is a physician-owned inpatient and outpatient surgical specialty center designed to provide doctors with the medical equipment and surgical support they need to provide patient care. Adjacent Hospital Ownership by Tenant - The tenant also owns and operates the surgical hospital directly next door, highlighting long-term commitment and operational synergy in the immediate location. Well Performing Tenant - The company is generating over $24 million in EBITDA for 2024, showcasing financial strength and operational scale in the healthcare sector. TOPS has also expanded to 5 freestanding breast centers across Houston. Long-Term Operating History - The tenant has been operating successfully out of this location since 2005 and has invested in updating the interior. E-Commerce Resistant Property - Imaging centers are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties. Underutilized Building with Upside Potential - Property includes existing X-ray and imaging infrastructure that is currently installed but not in use, presenting a value-add or expansion upside for future operations. Strong Market & Demographics - The Houston metropolitan area has a population of roughly 7.9 million, making it the fifth-largest in the U.S. There is a population of over 111,000 within a 3-mile radius, over 293,000 in a 5-mile radius, and both are projected to grow within the next 5 years.

FOR SALE DETAILS

PRICE

$4,285,714 USD

PRICE/SF

$429 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TOPS Medical | Houston, TX

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

-

APN/PARCEL ID

1234880010005

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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