923 S Peek Rd
Katy, TX
Price:
$6,277,000
Cap Rate:
6.50%
NOI:
$408,000
Building Size:
Approx. 14,000 Sq. Ft.
Lot Size:
Approx. 1.27 Acres
Type:
Single-Tenant / Medical
Sub Category:
Medical / Dental
Year Built:
2024
Investment Overview
- 2024 Construction. 14,000+/- SF Building on 1.27+/- Acre Site
- Brand New 15 Year Absolute NNN Lease with 7.5% Rent Increases Every Five Years in Both Primary & Renewal Option Periods
- Subject Property is Located Right Off Grand Parkway (100,200+ VPD), on Perry Road (8,300+ VPD)
- Village Green Alzheimer’s Care is Growing is Currently Undergoing Expansion Across the Houston and Dallas-Fort Worth MSAs
- Near Several National Tenants: Exxon, Academy Sports + Outdoors, Costco, Jersey Mike’s, Kroger, Subway, and Many More
- From 2010 to 2018, Houston Added 1.1 Million New Residents, an 18.2% Increase, the Fastest Rate Among the Largest U.S. Metros.
- Katy | One of the Most Desirable Houston Suburbs | Houston MSA Population: 7.34M+