Current Use by Public Records
- Total Point Emergency Center - Missouri City / Hospital
Property Details for 8927 Highway 6
- Year built
- 2014
- Lot size
- 0.92 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional 6,651 square foot medical office building in Missouri City, Texas, presents a compelling investment opportunity. Located at 8927 Hwy 6, this fee-simple property boasts a 17-year remaining lease term (expiring 12/01/2041) with a reputable, single tenant – Total Point ER – a rapidly expanding company. The absolute NNN lease structure ensures minimal landlord responsibilities, with 2% annual rent bumps built into the contract. The property features 26 parking spaces and sits on a 0.92-acre lot, zoned Commercial - LC-3. Built in 2014, the building enjoys 100% occupancy, generating a strong NOI of $552,428 and a 7.25% cap rate. The asking price is $7,620,000 ($1,145.69/sq ft). The property benefits from a prime location in a dense retail corridor, across from an H-E-B anchored center and a 190-unit apartment complex. Strategically situated along Highway 6 (39,900 vehicles per day), it offers excellent visibility and accessibility. The trade area is supported by a robust population of 188,000 residents and 25,000 employees, with an average household income of $135,509. Four 5-year lease options provide further long-term security. This is a rare opportunity to acquire a stable, high-performing asset in a thriving Texas market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Missouri City
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.5347
- Latitude
- 29.5399
