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    FOR SALE
    Commercial real estate

    1729 S Friendswood Dr, Friendswood, TX 77546

    5,664 SF 1.09 ac lot Built 2017
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US82-9147186
    1729 S Friendswood Dr, Friendswood, TX 77546 For Sale
    $820,000 5,664 SF
    1729 S Friendswood Dr, Friendswood, TX 77546
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2017
    Total area 5,664 SF
    Lot 1.09 ac (47,480 SF)
    APN 4094-0000-0000-102
    UPID US82-9147186
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Casey Tran Medical Clinic
    • CareNow Urgent Care - Friendswood Medical Clinic
    • Monica Wu Pediatrician Physician
    • Stella Ekong Pediatrician Physician
    • Dr. Manju George Pediatrician Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $865k
    Comparable Approach Comparable
    $778k
    Blend (final) Blend
    $820k
    Owner & transaction history
    Mcp Stable 1729 South Friendswood D · 1 yrs held
    Mcp Stable 1729 South Friendswood D
    since 2025
    3 recorded transactions
    2025
    2022
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.2M +137.5%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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