Friendswood, TX

CareNow Urgent Care

Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease CareNow in Friendswood, TX. The property consists of a 5,664-square-foot, freestanding building that sits on approximately 1.09 acres of land. There are 3.8 years remaining on the lease with 2% rental increases annually.

Price	$3,733,000
Cap Rate	6.50%
Building Size	5,664 sqft
Lot Size	1.09 acres
Year Built	2017

Offering Memorandum

Vincent Knipp

Senior Managing Director Investments

(972) 755-5205

vincent.knipp@marcusmillichap.com

License: TX 0579633

FINANCING TEAM

Duke Dennis

Director

(817) 932-6172

Duke.Dennis@marcusmillichap.com

Triple-Net Lease with Two Percent Annual Rent Increases
Excellent Access and Visibility on South Friendswood Drive (19,048 VPD) Near the Signalized Hard Corner of East Parkwood Avenue (27,399 VPD)
Built-In Customer Base - More Than 149,872 Residents Within a Five-Mile Radius
Affluent Houston, Texas MSA Suburb – Average Household Income is $197,962 (1-Mile Radius)
Strong Medical Synergy - Located Five Miles From HCA Houston Healthcare Clear Lake

Vincent Knipp

Senior Managing Director Investments

(972) 755-5205

vincent.knipp@marcusmillichap.com

License: TX 0579633

CareNow Urgent Care

CareNow Urgent Care

Vincent Knipp

Duke Dennis

Vincent Knipp

$6,982,000

5.40% Cap

$5,000,000

% Cap

$1,110,000

% Cap

CareNow Urgent Care

CareNow Urgent Care

CareNow Urgent Care

Vincent Knipp

Duke Dennis

Vincent Knipp

$6,982,000

5.40% Cap

Truist

$5,000,000

% Cap

Zippy J’s Portfolio

$1,110,000

% Cap

1.27 Acre Prime Redevelopment Opportunity