10140 Tx-242Conroe, TX 77385

Property Details for 10140 Tx-242

Year built

2024

Lot size

0.78 AC

Property size (Sq ft)

4,000 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional investment opportunity presents a newly constructed, 4,000 square foot urgent care facility in Conroe, Texas. Located at 10140 TX-242, 77385, this fee-simple property boasts a prime location as an outparcel to an H-E-B grocery store, surrounded by other national retailers including Starbucks, Dunkin', and McDonald's. The property features a 10-year net lease with a corporate guarantee from a partnership between Memorial Hermann Health System and GoHealth Urgent Care, a national operator with over 250 locations. The lease commenced in October 2024, with a 2.5% annual rent increase and two, five-year renewal options. The current net operating income (NOI) is $152,000, representing a 6.00% cap rate on the $2,533,333 asking price. The 0.78-acre lot ensures ample space and visibility. Conroe's robust population growth, projected at 27% over the next five years, and high average household income of $117,898 within a one-mile radius, make this a compelling investment in a recession-resistant industry. The property's new construction minimizes potential capital expenditures, offering a low-maintenance, passive income stream. This is a rare opportunity to acquire a high-quality, health-system affiliated urgent care center in a rapidly growing market. The lease includes a partial guaranty from both Memorial Hermann Health System and Access Clinical Partners, LLC (d/b/a GoHealth Urgent Care). The urgent care market is projected to grow at a 10.99% compound annual growth rate from 2023 to 2032.

Location Insight

City

Conroe

County

Montgomery

State

Texas

Latitude

30.2081

Longitude

-95.4268

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].