Overview

Description

• The tenant has over 11.5 years of firm term remaining with 3 (5-year) option periods left to extend
• The lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease is personally guaranteed - tenant and guarantors are to report sales upon request

• The site is strategically located along Medical Complex Drive
• The asset benefits from nearby direct on/off ramp access into State Highway 249 (46,200 VPD), a major commuter thoroughfare connecting with Interstate 45 and providing direct access into Downtown Houston
• Village Green is within walking distance to numerous single-family communities and multi-family complexes, providing convenience to employees and visiting family members
• More than 112,900 residents and 29,900 employees support the 5-mile trade area
• Affluent average household income of $118,319

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