17030 Northwest Fwy Jersey Village, TX 77040
- Specialty properties
- 6,000 SF
- 0.67 lot acres
Current Use by Public Records
- Village Emergency Room: Jersey Village ER / Emergency Room
- CONRADO J ORDONEZ / Internist
Property Details for 17030 Northwest Fwy
- Year built
- 2019
- Lot size
- 0.67 lot acres
- Property size
- 6,000 SF
- Property type
- Specialty properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a 29,000 square-foot medical office building in Jersey Village, Texas. The property boasts a 100% occupancy rate with a single tenant, Village Emergency Room, under a 10-year absolute NNN lease commencing November 1, 2024, and expiring November 1, 2034. The lease includes 10% rent increases every five years and two five-year options. Built in 2019, this 6,000 square-foot building sits on a 0.67-acre lot at 17030 Northwest Fwy, 77040, and benefits from a strong location with high visibility and excellent demographics. The tenant, a multi-unit operator with strong financials, invested over $2.7 million in the construction and build-out. The property generates a Net Operating Income (NOI) of $240,000, representing a 6.00% cap rate. The asking price is $4,000,000. This is a rare opportunity to acquire a high-quality, single-tenant medical office building with a long-term lease and significant upside potential in a thriving Houston submarket. The property is directly adjacent to TX Hwy 290, experiencing over 193,000 vehicles per day. Within a one-mile radius, the average household income exceeds $146,000, and over 263,000 residents live within five miles. The lease terms include rent bumps, details of which are available in the offering memorandum. This is a tax-free state investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jersey Village
- County
- Harris
- State
- Texas
- Longitude
- -95.578
- Latitude
- 29.8868
