Brand New 20 Year Absolute NNN Ground Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
New Construction, Pride of Ownership Asset Featuring Pluckers Latest Prototype Design – a Modern and Aesthetically Pleasing Property
Tenant Invested Over $2.7 Million Into the Construction of Property, Proving Their Long-Term Commitment to the Location
Strategically Located in an Extremely Strong Trade Area Containing Over 14.6 Million Square Feet of Retail and Restaurant Space
The Harris County Toll Road Authority Has Nearly Completed the $225 Million Improvement Project Which Widens Sam Houston Tollway from 2 to 4 Lanes in Each Direction and Will Greatly Increase Daily Traffic Counts
Densely Populated, Infill Location with Excellent Demographics – Over 243,000 People in a 5-Mile Radius with Average Household Income Exceeding $83,300
High Traffic Location – Over 94,900 Vehicles Per Day on Sam Houston Tollway and Over 34,200 Vehicles Per Day on Spencer Highway
Situated Less Than 2 Miles from the 364 Bed HCA Houston Healthcare Southeast Hospital with Over 1,500 Staff Members, 404 Physicians and More Than $2.78 Billion in Revenue in 2020
Approximately 3 Miles from San Jacinto College Central Campus with Over 25,000 Students Enrolled
Within a 5-Mile Radius of 53 Grade Schools That Have a Staggering 48,800 Combined Students and Faculty
Situated Approximately 2 Miles from the 61 Bed CHI St. Luke’s Patient’s Medical Center Hospital with Over 455 Staff Members and Physicians and More Than $436.52 Million in Total Patient Revenue in 2020
Over 33 Million Square Feet of Industrial and Office Space in a 5-Mile Radius of the Property, Resulting in a High Daytime Population with More Than 90,700 Employees
Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset