4850 Main StHouston, TX 77002

This exceptional investment opportunity presents a 3,100 square foot medical office building located at 4850 Main Street, Houston, Texas 77002. The property, built in 1998 and extensively renovated in 2023, sits on a 0.23-acre lot and boasts a 10.2-year remaining lease term with MyEyeDr., a national corporate tenant with over 820 locations. The lease is a corporate guaranteed net lease, providing significant investor security, and includes rent bumps of $6,450 every five years. The current asking price is $1,255,384, representing a 6.50% cap rate and a price per square foot of $404.96. The property enjoys 100% occupancy and generates a net operating income (NOI) of $81,600 annually. Its strategic location on Main Street, a major thoroughfare with 28,000 vehicles per day, offers excellent visibility and accessibility. The property benefits from its proximity to key economic drivers, including Downtown Houston, Rice University, the University of Houston, the Texas Medical Center, The Galleria Mall, NRG Stadium, and West University, all within a five-mile radius. Main Street also provides direct access to Interstate 69, a high-traffic artery with over 98,000 vehicles per day. This investment offers a compelling combination of a strong tenant, a long-term lease, and a prime location in a rapidly growing area of Houston, Texas. The recent acquisition of MyEyeDr. by Goldman Sachs further underscores the financial strength and stability of the tenant.