Eden Memory Care Facility Cypress, TX

13058 Grant Road
Cypress, TX

Price: $4,608,000
Cap Rate: 6.25%
NOI: $288,000
Building Size: Approx. 10,000 Sq. Ft.
Lot Size: Approx. 0.91 Acres
Type: Single-Tenant / Medical
Year Built: 2017

Investment Overview

  • 2017 Construction. 10,000+/- SF Building on 0.91+/- Acre Site
  • New 15 Yr Absolute NNN Lease w/ 10% Rent Increases Every 5 Yrs
  • Excellent Location in the Affluent Suburb Cypress Near Kroger, Goodwill, Walgreens
  • Village Green Alzheimer’s Care is Expanding in the Houston/DFW market (10 New Facilities)
  • Houston Attracted 1.1 Million New Residents from 2010-2018 and Continues Growth
  • Strong Income Demos w/ $172,529 within a 1-Mile Radius
  • Houston  |  Home to the Texas Medical Center  |  Population: 2.33MM+