Houston, TX - Total Point ER

Description:

• 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 asset is strategically located along Eldridge Pkwy, a major retail and commuter thoroughfare, with an average of 46,600 vehicles passing by daily
• Benefits from being near the major signalized intersection of Briar Forest Dr and Eldridge Pkwy (combined 71,000 VPD)
• Adjacent to The Heritage, a 50-bed assisted-living community
• The asset has excellent visibility and access via significant street frontage, multiple points of ingress/egress, and a large monument sign