Description

JLL Capital Markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee simple interest in Empower Pharmacy at Grand National Business Park - Bldg. B (“the Property”). Leased as an adjacent extension to Empower Pharmacy’s Headquarters in Bldg. A, the Property is 85,797 square feet and is the next phase in Empower’s growth plan as they continue to gain traction. The Property is 100% leased to Empower Pharmacy for 10.5 years with 2.00% annual rental escalations and four (4), five (5)-year renewal options at 95% of fair market rate. Empower Pharmacy, a rapidly growing compounding pharmacy specializing in customized medications for patients nationwide, has invested significantly in specialized pharmaceutical infrastructure within their headquarters next door, including clean rooms, laboratory space, and FDA-compliant production areas, which they plan on doing in the the Property as well, demonstrating their long-term commitment

to the location.

This strategic facility serves as a critical component of Empower’s vertically integrated healthcare ecosystem, supporting their nationwide distribution of compounded medications and specialty pharmaceutical products. With an excellent location right off Beltway 8, the Property is strategically positioned to leverage the Northwest submarket’s dense population base, providing Empower Pharmacy with access to a large customer base and labor pools for continued operational growth.

This opportunity allows investors to acquire a state-of-the-art asset with long-term cash flow via credit tenancy in one of Houston’s premier master planned business parks.

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