455 School StTomball, TX 77375

For Sale
$2,320,800
9,670 SF Medical Office, 7.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 9,670-square-foot Class B medical office building located at 455 School St Bldg 1, Tomball, TX 77375. The property is currently under a 10-year absolute NNN lease with a single tenant, Surgical Advanced Specialty Center (SASC), offering a hands-off investment experience. The lease includes 2.5% annual rent increases, ensuring a strong and stable cash flow. The asking price is $2,320,800, representing a 7.50% capitalization rate and a price per square foot of $240. Built in 2003, the building benefits from a prime location less than half a mile from HCA Houston Healthcare Tomball, a 350-bed hospital. The tenant, SASC, has a long-term operating history in the area, providing specialized surgical services. The affluent demographics of Tomball, with average household incomes exceeding $119,000 within a 5-mile radius, contribute to the property's strong investment potential. The lease includes three five-year renewal options. This e-commerce resistant property in a high-growth market offers significant long-term value in a tax-free state. The NOI is $174,060. This is a truly passive investment opportunity with built-in inflationary protection.

Highlights

  • Absolute NNN lease; landlord responsibilities limited to ownership.
  • Lease includes above-market, 2.5% annual rent increases.
  • Medical clinic tenant minimizes relocation risk due to high build-out costs.
  • Investment resistant to economic downturns and e-commerce trends.
  • Tenant has operated successfully at this location since 2003.
  • Property located less than 0.5 miles from a major 350-bed hospital.

Property Details for 455 School St

Property type
Office properties, Medical offices
Square Feet
9,670 SF
Class
B
Year Built
2003

Location Insight

City
Tomball
County
Harris
State
Texas
Latitude
30.0872156
Longitude
-95.6185668
455 School St, Tomball, Texas

FAQs

What type of property is this?
Office property - 9,670 SF Medical Office, 7.5% Cap Rate
Where is the office property located?
The property is located at 455 School St Tomball, TX.
What is the asking price?
The asking price for this property is $2,320,800.
What are key features of this property?
This property features: Absolute NNN lease; landlord responsibilities limited to ownership.; Lease includes above-market, 2.5% annual rent increases.; Medical clinic tenant minimizes relocation risk due to high build-out costs.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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455 School St
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