HCA Emergency Room - The Woodlands_Property for Sale
HCA Emergency Room - The Woodlands_Property for Sale
26306 Kuykendahl Road, Spring, TX, 77389, US

HCA Emergency Room - The Woodlands

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single tenant HCA Emergency Room located at 26306 Kuykendahl Rd, Tomball, TX (“Property” or “Asset”).


The Asset is 100% leased to HCA (“Tenant”) on a ground lease with zero landlord responsibilities, approximately 6.8 years remaining of primary lease term, and seven, five-year renewal options with 10.0% rent escalations every 5 years. HCA is the largest healthcare provider in the country with 186 hospitals and 2,400 ambulatory care locations. The healthcare network is rated BBB- by S&P and generates over $66.7B in annual revenue with over 43M patient encounters annually. The entity on the lease is HCA Houston Healthcare Tomball, which includes a 350-bed hospital and is key to HCA’s operations throughout Houston, providing strong credit backing for the lease.

 

The Asset sits in The Woodlands master-planned development, which continues to thrive, with 189% population growth since 2010 in a 1-mile radius surrounding the asset. The area features impressive household income, averaging $188K in a 1-mile radius. Individuals and families continue to flock to the area, which was ranked the 3rd Best City to Live In and the 1st Best City to Buy a House by Niche in 2023.


The Woodlands is home to The Woodlands Mall, a top performing shopping center ranked in the top 1% by visits nationwide (Placer.ai), with 8.8 million visits annually. The master-planned community also includes four premier full-service acute care hospitals with more than 1,100 total inpatient beds operated by the market's leading health systems, making it a significant healthcare hub in the rapidly developing North Houston region.

 

The Property sits in a major retail corridor with national tenants including Walmart, HEB, Chick-Fil-A, and Aldi, among others. The corridor is served by Kuykendahl Rd, driving 25K VPD past the asset, and connecting it to I-45 and the surrounding Houston MSA.


This unique opportunity allows investors the ability to acquire an institutional-quality tenant in The Woodlands, a fast-growing, highly affluent market, and in-demand market with zero landlord responsibilities.

...

Attributes

Asking price
€2,198,000
Cap rate
6.1%
NOI
€135,000
WAULT
6.8 years
Building area net
723 sm

Media

Investment highlights

  • Ground lease with 6.8 years remaining and 10% rent bumps every 5 years
  • The tenant has an upcoming 10% rent bump in April 2026
  • Major retail corridor with national tenants including Walmart, HEB, Chick-fil-A, and Aldi
  • Located in The Woodlands with 189% population growth since 2010 in a 1-mile radius
  • Impressive household income averaging $188K in a 1-mile radius
  • HCA Houston Healthcare Tomball is a flagship HCA entity, encompassing a 350-bed hospital
  • HCA (S&P: BBB-) is the largest healthcare provider in the country
  • Ranked 3rd Best City to Live In and 1st Best City to Buy a House by Niche in 2023
HCA Emergency Room - The Woodlands 4_Property for Sale
HCA Emergency Room - The Woodlands 4_Property for Sale

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HCA Emergency Room - The Woodlands (0 Properties)

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Last updated
Jun 3, 2024