Overview

Description

Colliers is pleased to exclusively offer to qualified investors, the opportunity to purchase Rock Creek Medical Plaza, located at 14044 Spring Cypress Road in Cypress, TX. The ±8,238 SF building situated on ±0.90 acres and currently has 78 months of term remaining with Houston Methodist Primary Care Group.

Highlights

• Brand New Lease: New 7-year lease with 3% annual increases that commenced January 1, 2023
• Attractive Credit Tenant: Houston Methodist received an “AA” bond rating from the S&P in 2020
• Limited Landlord Responsibilities: Landlord responsibilities limited to Roof & Structure
• Exceptional Demographics: Average Household Incomes in excess of $137,000 in a one-mile radius, and over 200,000 population in a 5-mile radius
• H-E-B Shadow Anchored: Gateway out-parcel to H-E-B with 1.6 million annual visitors
• Hard Signalized Corner: The site is positioned on a hard corner of a lighted intersection. Traffic accessing H-E-B passes directly by the site
• Replaceable Rents: In-place rents are in balance with the Market

Documents

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