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Available For Sale - Healthcare

16,900 SF | Show Pricing $

AVAILABILITY DETAILS

Size
16,900 SF
Price/SF
Show Pricing $
Listing ID
SA452540
Notes
SALES PRICE $6,500,000

PROFORMA CAP RATE 6.92%

PROPERTY DESCRIPTION

Address 16550 Highway 59, Sugar Land, Texas 77479

Building Size 16,900 Square Feet

Land Size 1.59 Acres

Year Built 1998

Major Tenants Memorial Hermann

D1 Training



INVESTMENT HIGHLIGHTS

Excellent Visibility & Location | The Property sits on the 69 Freeway across from First Colony Mall and Sugar Land Town Square which is the

premier retail and medical destination in Sugar Land. The subject property is a 16,900 SF free standing building that lies in front of Colony Square

Shopping Center.



Premier Medical Location | The subject property is across the freeway from Houston Methodist, the largest medical center serving Sugar Land and Fort Bend County. This facility encompasses 347 medical, surgical and intensive care beds and 27 operating rooms in three patient towers as well

as three office buildings with physicians. Memorial Hermann has a surgical hospital one block from this property.



Sugar Land Urban District | With its positioning in close proximity to Sugar Land Town Square and First Colony Mall, the Subject Property greatly

benefits as a primary retail and medical destination for Fort Bend County.



Strong Regional Medical Tenant | Memorial Hermann Health System is the largest not-for-profit health system in Southeast Texas and consists of 16 hospitals, 8 Cancer Centers, 3 Heart & Vascular Institutes, and 27 sports medicine and rehabilitation centers, in addition to other outpatient and rehabilitation centers.



Excellent Trade Area Demographics | Property is located within 3 miles of a 79,416 population with an average household income of $186,446. Fort

Bend County is also one of the highest growth areas in Texas.



NNN Lease Structure | Both existing tenants are absolute net net net leases which include full opex pass through, including management fee.
Uses
Healthcare

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Vaughan Ford, Colliers International