1717 Eldridge Pkwy Houston, TX 77077-3567
- Medical offices
- 7,738 SF
- 0.86 lot acres
Dec 29, 2021
Current Use by Public Records
- Medical offices
Property Details for 1717 Eldridge Pkwy
- Year built
- 2014
- Construction
- WOOD FRAME
- Lot size
- 0.86 lot acres
- Property size
- 7,738 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 1213570010001
- APU
- 1213570010001
Description
This exceptional investment opportunity presents a 6,651 square foot medical office building in Houston, Texas, currently leased to Total Point ER under a 20-year Absolute NNN lease with 17 years remaining. The property boasts a 7.25% cap rate and a strong NOI of $529,814, with 2% annual rent bumps built into the lease. Located at 1717 Eldridge Pkwy, Houston, TX 77077, on a 0.8-acre lot, the building features 25 parking spaces and excellent visibility. Built in 2013, the property benefits from a fee simple ownership structure, eliminating landlord responsibilities. The tenant, Total Point ER, is a rapidly expanding company situated in a dense residential corridor with over 3,500 units nearby and high average household income. The lease includes four 5-year renewal options, providing long-term stability and significant upside potential. The property's strategic location along Eldridge Pkwy (46,600 vehicles per day) ensures high traffic visibility. The asking price is $7,308,000, representing a price per square foot of $1,098.78. This is a rare opportunity to acquire a high-performing, low-maintenance medical office building in a prime Houston location. The property is situated in a thriving area with 320,000 residents and 176,000 employees within a 5-mile radius. The property's APN is 1213570010001.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.6248
- Latitude
- 29.752
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
