Medical Center
For Sale
Contact for pricing
274 Cottonwood, Hempstead, TX 77445
Two build-to-suit dialysis clinics feature corporate-guaranteed leases with extension options.
Property Size18,849 SF
Days on Market144
Property Features for 274 Cottonwood
General Information
Standard status
Active
Size
18,849 SF
Property subtype
Office
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Perry Guest Companies
Listed By:
Jason Lesley, SIOR, CCIM · License #NV 64973
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 12:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Perry Guest Companies
Investment Insights
Based on property information with market context.
This medical center portfolio includes two purpose-built dialysis clinics. The DaVita facility contains 6,859 SF and was constructed in 2015. Its 15-year NNN lease began July 1, 2015, runs through June 30, 2030, and includes two five-year extension options under a corporate guarantee. The lease provides for 10% increases every five years, with the next adjustment scheduled for 2025.
The Fresenius Kidney Care clinic totals 11,990 SF and was completed in 2013. Its 15-year corporate-guaranteed lease commenced August 16, 2013, expires August 31, 2028, and includes three five-year extension options. The agreement provides for a 3.0% increase in the eleventh year of the initial term. Together, the properties comprise build-to-suit facilities occupied by established dialysis care providers.
The Fresenius Kidney Care clinic totals 11,990 SF and was completed in 2013. Its 15-year corporate-guaranteed lease commenced August 16, 2013, expires August 31, 2028, and includes three five-year extension options. The agreement provides for a 3.0% increase in the eleventh year of the initial term. Together, the properties comprise build-to-suit facilities occupied by established dialysis care providers.
Key Highlights
- 6,859 SF DaVita build‑to‑suit dialysis clinic constructed in 2015
- 11,990 SF Fresenius Kidney Care build‑to‑suit dialysis clinic constructed in 2013
- DaVita lease runs through June 30, 2030, with two five‑year extension options
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 77445, TX
14,160
Population
5,810
Households
2.4
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
185.8 sq mi
ZIP Area
76
Density / Sq Mi
$63,650
Median Household Income
$32,347
Median Earnings
$1,251
Median Rent
$270,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Two build-to-suit dialysis clinics feature corporate-guaranteed leases with extension options.
Where is this medical center located?
The property is located at 274 Cottonwood Hempstead, TX.
What are key features of this property?
This property features: 6,859 SF DaVita build‑to‑suit dialysis clinic constructed in 2015; 11,990 SF Fresenius Kidney Care build‑to‑suit dialysis clinic constructed in 2013; DaVita lease runs through June 30, 2030, with two five‑year extension options
