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NEIGHBORS EMERGENCY CENTER 22678 Highway 59

8,000 SF Retail Building Porter, TX 77365 £4,432,173 (£554/SF) 9% Net Initial Yield

Investment Highlights

  • Long Term Financial Confidence: The recently extended lease runs through 2028, with an additional 5-year renewal option.
  • Experienced, Reliable Operator: Altus Health System, Texas’s largest operator of freestanding emergency centers, runs 30 successful locations.
  • Embedded in the Valley Ranch Master-Planned Community: The property is part of the expansive 14,000-acre Valley Ranch Master-Planned Community.
  • Explosive Population Growth and Affluent Demographics: Positioned in a thriving Houston suburb, the area boasts a population of 114,000.
  • “Hands-Off” Absolute NNN Lease: With an absolute NNN lease in place, all expenses—taxes, insurance, and maintenance.
  • Corporate Guarantee Backed by a Trusted Industry Leader: This lease is secured by a corporate guarantee from Altus Health System.

Executive Summary

Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
2015
Price
£4,432,173
Price Per SF
£554
Net Initial Yield
9%
NOI
£398,896
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
0.96 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
None

Links

1 of 1

Nearby Major Retailers

Checkers
Freddy's Frozen Custard & Steakburgers
Starbucks
Olive Garden
Chili's Grill & Bar
Woodforest National Bank
Kroger
HOTWORX
Bank of America
Five Guys

PROPERTY TAXES

Parcel Number 9412-81-00103 Improvements Assessment £1,105,792
Land Assessment £262,703 Total Assessment £1,368,496

PROPERTY TAXES

Parcel Number
9412-81-00103
Land Assessment
£262,703
Improvements Assessment
£1,105,792
Total Assessment
£1,368,496
(949) 432-4517

Contacts

  • Listing ID: 34192352

  • Date on Market: 13/12/2024

  • Last Updated:

  • Address: 22678 Highway 59, Porter, TX 77365

The Retail Property at 22678 Highway 59, Porter, TX 77365 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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NEIGHBORS EMERGENCY CENTER | 22678 Highway 59
(949) 432-4517 x

NEIGHBORS EMERGENCY CENTER | 22678 Highway 59

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Andrew Richmond

(949) 432-4517

(949) 432-4517

Andrew Fagundo

(310) 955-5834

(310) 955-5834

Michael Moreno

(949) 432-4511

(949) 432-4511

Rahul Chhajed

(818) 434-1106

(818) 434-1106

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