22678 Highway 59 - Medical FOR SALE
Porter, TX 77365 |
22678 Highway 59
Porter, TX 77365
HIGHLIGHTS
- Neighbors has successfully operated at this location since its completion in 2015 and recently exercised their first 5-year renewal option.
- The Absolute NNN corporate guaranteed lease features 2% annual rent increases and an additional 5-year option to renew.
- There are more than 110,000 residents within a 5-mile radius of the Property, a figure expected to grow by nearly 18% to 132,000 by 2028.
- As of June 2023, Altus is the largest operator of freestanding emergency centers in Texas, with 30 locations throughout the state.
- With premier frontage along Highway 59, the Property has direct access and exposure to more than 101,000 VPD.
- The U.S. Freestanding Emergency Department market size was estimated to be $11.55B in 2023 and projected to reach $14.52B by 2028, at a CAGR of 4.68%
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Neighbors Emergency Center
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
8000
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.96 AC AC
LAND SF
41,818 SF
ZONING
-
APN/PARCEL ID
9412-81-00103
