1729 S Friendswood Dr, Friendswood, TX 77546
For Sale
Exceptional investment opportunity in Friendswood, Texas, featuring a 5,563 square foot medical office building. This property boasts a 100% occupancy rate with a long-term, triple-net (NNN) lease in place with CareNow Urgent Care, a subsidiary of HCA Healthcare, extending until November 29, 2028. The lease commenced December 19, 2017, and currently has approximately 51 months remaining. CareNow has a strong track record, operating for over 31 years with 100+ locations nationwide. The building, constructed in 2017, sits on a 1.09-acre lot (47,480 square feet) at 1729 S Friendswood Dr, Friendswood, TX 77546, in a prime location near major retailers such as H-E-B, Walgreens, 24 Hour Fitness, and Starbucks. This presents a stable, high-demand investment with a reputable tenant and significant remaining lease term. The property's location within the affluent Friendswood community ensures consistent patient traffic and strong long-term value. HCA Healthcare holds a BB+ S&P rating, further solidifying the investment's strength and stability. This is a rare opportunity to acquire a high-performing medical office building with a proven tenant and a secure future.
-
Casey Tran Medical Clinic
-
CareNow Urgent Care - Friendswood Medical Clinic
-
Monica Wu Pediatrician Physician
-
Stella Ekong Pediatrician Physician
-
Dr. Manju George Pediatrician Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2018Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.