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Integrity Urgent Care – Hempstead, TX

$2,976,200

1915 Farm to Market Road 1488, Hempstead, TX 77445

Active
Last Updated: 11/18/2025

6

Cap Rate

178,572

NOI

Details:
Cap Rate:    6%
NOI:    $178,572
Building Size:    3,077 sqft
Lot Area:    0.88 acres
Lease Type:    Absolute Net
Year Built:    2025
Price Per Sqft:    $967
Tenancy:    Single
Lease Expire Year:    2040
Highlights:
  • Brand-new 2025 construction
  • 15-year ABS NNN lease with 1.25% annual increases beginning in Year 3
  • Corporate guaranty
  • Private Equity Backed by Goldman Sachs Alternatives (NYSE: GS) in 2024
  • Growing Concept Across Multiple States, 70+ Clinics (TX, KS and OK)
  • Growing urgent care sector: $56B market, projected 10.9% CAGR through 2030
  • Texas advantage: no state income tax, pro-business climate
Description:

AiCRE Partners, is pleased to present the exclusive offering of a brand-new Integrity Urgent Care in Hempstead, Texas.

This 3,077 SF single-tenant medical facility, located at 1915 FM 1488, HEMPSTEAD, TX 77445, represents a premier net lease investment with a 15-year Absolute NNN lease guaranteed by Xpress Wellness / Integrity Urgent Care, backed by Goldman Sachs Alternatives. The lease features 1.25% annual increases beginning in year 3, offering investors a stable, long-term income stream with zero landlord responsibilities.

Strategic Proximity to Houston: Located about 50 miles northwest of downtown Houston, Hempstead offers easy access to the metro area while preserving smalltown appeal.

Integrity Urgent Care, operating under Xpress Wellness, has expanded rapidly to over 70 locations across multiple states. Acquired by Goldman Sachs (NYSE: GS) in 2024, the brand continues to gain market share by providing essential healthcare services—including urgent care, occupational medicine, digital diagnostics, and primary care—in highly accessible, walk-in formats.

A major logistics and industrial push is underway: For example, the H‑E‑B grocery chain has acquired roughly 500 acres in Hempstead to build a large-scale distribution campus

As part of the larger U.S. 290 Corridor growth area in Waller County, Hempstead is benefitting from major employment gains and new industrial investment: over 1,000 new jobs added in 2024 alone county-wide

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