Veterans Affairs Outpatient Clinic
Tomball, TX
Key Details
| Price: | $14,915,000 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $1,044,084 |
| Address: | 1200 West Main Street, Tomball, Texas 77375 |
| Property Type: | Office |
| Lease Type: | Gross |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 10/1/2013 |
| Lease Expiration: | 9/30/2033 |
| Lease Term Remaining: | 8.6 Years |
| Rental Increases: | Flat, but Reimbursements Increase with CPI |
| Lot Size: | 4.79 Acres |
| Building Size: | 33,417 SF |
| Year Built: | 2013 |
NNN Pro is pleased to present the exclusive listing for a Veterans Affairs Outpatient Clinic located at 1200 West Main Street, Tomball, Texas 77375. The site consists of roughly 33417 rentable square feet of building space on an estimated 4.79-acre parcel of land. This Veterans Affairs Outpatient Clinic is subject to a 20-year Gross lease, which commenced 10/1/2013. The current annual rent is $1,044,084 and has scheduled increases of Flat, but Reimbursements Increase with CPI.
About the Investment
- Long Term 20-Year GSA Lease | The subject property is subject to a long term 20-year GSA lease, of which has over 8.5 years remaining.
- Operation Expenses Reimbursements Increase with CPI | Operating expenses reimbursements adjust with changes in the CPI, making this a highly favorable investment for any investor.
- Veterans Health Administration is Largest in the United States | The Veterans Health Administration is the largest healthcare network in the United States, encompassing 1,380 facilities and serving over 9.1 million enrolled veterans annually. Additionally, the VA operates with a substantial $407.27 billion budget.
Key Details
| Price: | $14,915,000 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $1,044,084 |
| Address: | 1200 West Main Street, Tomball, Texas 77375 |
| Property Type: | Office |
| Lease Type: | Gross |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 10/1/2013 |
| Lease Expiration: | 9/30/2033 |
| Lease Term Remaining: | 8.6 Years |
| Rental Increases: | Flat, but Reimbursements Increase with CPI |
| Lot Size: | 4.79 Acres |
| Building Size: | 33,417 SF |
| Year Built: | 2013 |
Talk to the Pros
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Broker of Record
Brian Brockman
Bang Realty-Texas, Inc
License: 701472
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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 your needs.