Village Green Memory Care Facility Katy, TX

923 S Peek Rd
Katy, TX

Price: $5,760,000
Cap Rate: 6.04%
NOI: $348,000
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+