3840 W Davis St - Total Point ER | 18yrs Remain Abs NNN w/ Incr
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3840 W Davis St - Total Point ER | 18yrs Remain Abs NNN w/ Incr
6,600 SF Health Care Building Offered at £5,603,125 at a 7.25% Net Initial Yield in Conroe, TX 77304
Investment Highlights
- Approximately 18 Years Remaining on Lease | Options To Extend | 2% Annual Rental Increases
- Total Point ER | Rapidly Expanding Company
- Strategically Located Along W Davis St (40,800 VPD) | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Tax-Free State
- Dense Retail Corridor | National/Credit Tenant Presence | Adjacent to 270-Unit Apartment Complex
- Trade Area supported by 100,000 residents and 48,000 employees | Affluent average household income of $109,180
Executive Summary
• The tenant, Total Point ER, recently signed a 20-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 2% annual increases throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease features 2% annual increases throughout the initial term and option periods, growing NOI and hedging against inflation
Property Facts
| Price | £5,603,125 | Lot Size | 0.74 AC |
| Price Per Bed | £5,603,125 | Building Size | 6,600 SF |
| Sale Type | Investment | No. Beds | 1 |
| Net Initial Yield | 7.25% | Number of Floors | 1 |
| Property Type | Health Care | Year Built | 2015 |
| Property Subtype | Hospital | Parking Ratio | 4.55/1,000 SF |
| Building Class | B |
| Price | £5,603,125 |
| Price Per Bed | £5,603,125 |
| Sale Type | Investment |
| Net Initial Yield | 7.25% |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | B |
| Lot Size | 0.74 AC |
| Building Size | 6,600 SF |
| No. Beds | 1 |
| Number of Floors | 1 |
| Year Built | 2015 |
| Parking Ratio | 4.55/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 5158-00-00301 | Improvements Assessment | £1,343,608 |
| Land Assessment | £300,523 | Total Assessment | £1,644,131 |
PROPERTY TAXES
Parcel Number
5158-00-00301
Land Assessment
£300,523
Improvements Assessment
£1,343,608
Total Assessment
£1,644,131
zoning
| Zoning Code | General Commercial |
| General Commercial |
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Britt Raymond -
Kyle Fant -
SRS Real Estate Partners
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3840 W Davis St - Total Point ER | 18yrs Remain Abs NNN w/ Incr
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