7790 W Grand Pky - Medical FOR SALE


Richmond, TX 77406- Pecan Grove
$8,000,000 USD
732-856-4349
7790 W Grand Pky, Richmond, TX for Sale
$8,000,000 USD
Medical - FOR SALE
1/9
null | 7.05% Cap Rate

7790 W Grand Pky
Richmond, TX 77406
Pecan Grove


HIGHLIGHTS

  • True “Medical Mall” Ecosystem | 6 synergistic tenants incl. pediatrics, OB/GYN, internal medicine, psychiatry & pharmacy
  • Brand-new 10-year NNN leases
  • $562,920 NOI | 2.5% annual increases | 100% occupied
  • Located in Fort Bend County: $113K median income, 60% population growth since 2010

OVERVIEW

Zeustra Healthcare Real Estate is pleased to present 7790 W Grand Parkway S, a premier 27,398 rentable SF Class A medical office building in the heart of Richmond, TX—Fort Bend County, one of the fastest-growing and wealthiest counties in the U.S. This high-performance asset is 100% occupied by mission-critical healthcare tenants on brand-new 10-year NNN leases with 2.5% annual bumps, generating $562,920 in net income out of the gate. Its tenants are a coordinated group that has worked together for years to create a highly complementary medical mall environment. The anchor tenant, is a powerhouse, having cared for over 120,000 patients across three decades, with many families returning across generations—now seeking OB/GYN, internal medicine, and specialty care from other practices on-site. It is a true medical mall model deeply entrenched in the local community and perfectly positioned to expand alongside the region’s explosive growth. Strategically located along the booming Grand Parkway corridor, benefitting from strong demographics, low medical office vacancy rates, and high demand for outpatient services. The synergistic tenant mix drives consistent patient volume and long-term stability, offering investors a rare opportunity to acquire a best-in-class healthcare asset in a dynamic growth market.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand Parkway Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

C

APN/PARCEL ID

5122-02-001-0060-901

ASK ABOUT THIS PROPERTY

Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

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Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

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