Cap Rate: Confidential
Size: 10,500 SF
Lot Size: 0.86 Acre
Marcus & Millichap is pleased to offer the Rocky Creek Medical Building (“Property”) in Missouri City, Texas (Houston MSA) for your consideration. This single tenant medical building was constructed in 2007 and consists of a 10,500 square foot building on a 37,696 square foot parcel.
The Property is 100 percent leased to Rocky Creek Family Medicine, a prominent local practice ideal for the surrounding high demographic neighborhoods. Average household income exceeds $162,000 in a one mile radius and stays above $99,000 in a five mile radius. The tenant has a NNN lease with a rent increase in approximately five years that provides an appealing hedge against inflation. There are also rent increases in the option period.
- Single Tenant Medical Building
- Constructed in 2007 | 10,500 Square Foot Building | 0.87 Acre Parcel
- Established Location in High Demographic Area | AHI Exceed $162,000 in 1-Mile
- 100% Leased to Rocky Creek Family Medicine | NNN Lease
- +/- 10 Years Remaining on Lease | Rent Increases in Year 5 and in Option Period