17030 Northwest FwyJersey Village, TX 77040

Property Details for 17030 Northwest Fwy

Year built

2019

Lot size

0.67 AC

Property size (Sq ft)

6,000 SF

Property type

Specialty properties

Property subtype

Office properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 29,000 square-foot medical office building in Jersey Village, Texas. The property boasts a 100% occupancy rate with a single tenant, Village Emergency Room, under a 10-year absolute NNN lease commencing November 1, 2024, and expiring November 1, 2034. The lease includes 10% rent increases every five years and two five-year options. Built in 2019, this 6,000 square-foot building sits on a 0.67-acre lot at 17030 Northwest Fwy, 77040, and benefits from a strong location with high visibility and excellent demographics. The tenant, a multi-unit operator with strong financials, invested over $2.7 million in the construction and build-out. The property generates a Net Operating Income (NOI) of $240,000, representing a 6.00% cap rate. The asking price is $4,000,000. This is a rare opportunity to acquire a high-quality, single-tenant medical office building with a long-term lease and significant upside potential in a thriving Houston submarket. The property is directly adjacent to TX Hwy 290, experiencing over 193,000 vehicles per day. Within a one-mile radius, the average household income exceeds $146,000, and over 263,000 residents live within five miles. The lease terms include rent bumps, details of which are available in the offering memorandum. This is a tax-free state investment.

Location Insight

City

Jersey Village

County

Harris

State

Texas

Latitude

29.8868

Longitude

-95.578

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