8405 Wynbrook St - Medical FOR SALE


Houston, TX 77061- Greater Hobby Area
$1,580,241 USD
818-484-1658
8405 Wynbrook St, Houston, TX for Sale
$1,580,241 USD
Medical - FOR SALE
1/3
null | 6.5% Cap Rate

8405 Wynbrook St
Houston, TX 77061
Greater Hobby Area


HIGHLIGHTS

  • Inflation-Protected Cash Flow – The lease features annual rent increases, the lessor of 3% or CPI
  • Tax-Free/Top Destination State – Texas is one of nine states with no personal income tax, offering potential tax advantages for investors
  • Nation’s Fifth Largest MSA – Houston has over 7.5 million residents and has the third largest number of fortune 500 companies in the nation
  • High Density Market – The property has nearly 325,000 residents in a five-mile radius which creates strong demand for healthcare services
  • Significant CapEx Improvements – According to the owner, approximately $60,000 was invested in renovating the building
  • Longstanding Aquatic Therapy Location – The property has operated as a dedicated aquatic physical therapy facility since its construction in 2004

OVERVIEW

Matthews™ Healthcare Division is pleased to present the opportunity to acquire a specialized aquatic physical therapy facility operated by Houston Physicians’ Hospital. The tenant entity represents a joint venture partnership between Memorial Hermann Health System (Fitch: AA-) and United Surgical Partners International (USPI) (51%), along with Houston Physicians’ Hospital (49%). This structure provides investors with enhanced security and confidence given the partnership’s strong credit profile and institutional backing. The offering comprises a 100% fee simple interest in a 0.55-acre parcel located in one of Houston’s thriving northern suburbs. Houston, home to more than 7.5 million residents, ranks among the nation’s leading economic centers—boasting the third-largest concentration of Fortune 500 companies in the U.S. If considered an independent country, Houston’s economy would rank as the 24th largest in the world. The 8,048-square-foot rehabilitation facility features a dedicated aquatic therapy pool, purpose-built to facilitate low-impact, high-efficiency recovery for orthopedic, neurologic, and post-surgical patients. This niche therapy component underscores the facility’s specialized service offering and contributes to a stable, referral-driven patient base. Memorial Hermann Health System (Fitch: AA-) reported approximately $8.6 billion in annual revenue for the twelve months ending June 30, 2024. USPI, a subsidiary of Tenet Healthcare Corporation (NYSE: THC), operates more than 500 surgical facilities nationwide. These affiliations with financially strong, nationally recognized healthcare organizations reinforce the tenant’s credit quality and further bolster buyer confidence. The tenant’s NNN lease is in place through 2030. Should the current tenant entity decide not to renew either lease in 2030, an affiliated HPH entity has executed a forward lease at the property effectively providing investors an additional 7 years of lease term through 2037. A rental obligation of $1,277,000 has been placed in escrow – thus providing investors additional security that they will receive a rental income stream for the property through 2037 while also creating a significant incentive for the current tenant entity to renew their lease. The combination of institutional credit, specialized healthcare use, and built-in lease protections positions this asset as a compelling long-term investment in the Houston MSA. 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

$1,580,241 USD

PRICE/SF

$157 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Houston Physicians’ Hospital | NNN Lease

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Convenience Store, Freestanding, Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

-

APN/PARCEL ID

1243050010001

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.