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Woodlake Plaza
2600 S Gessner Rd, Houston, TX, 77063-3200, US
9,863 m²
Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present for sale the 100 percent fee simple interest in a 20,600-square-foot post-acute care neuro-rehabilitation facility (the “Property”) in Houston, Texas. The Property is leased to Mentis Houston LLP dba NeuroRestorative (“Tenant”) through May 1, 2029 on an absolute net basis. The investment offers a bond-like, inflation-hedged cash flow for the next 5 years with annual rent escalations of 2.5 percent. In year one of the investor’s holding period, the net operating income is $944,829 (based on a September 1, 2024 closing date). Uniquely positioned for long-term sustainable growth, NeuroRestorative, the operator, is a market leader in post-acute rehabilitation services for acquired brain injuries and has 116 locations across 25 states.