Memorial Hermann - Webster, TX

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding single-tenant Memorial Hermann Pediatric and Adult Outpatient Rehabilitation-Southeast located at 300 Rogers Court, Webster, TX 77598 (“Property” or “Asset”). The Property was newly developed for Memorial Hermann Health System (the “Tenant”) who invested $2 million to develop the $6 million site and operates on a rare 20-year net lease with just under 18 years remaining, 2.0% annual rental increases and two, five-year renewal options.

TIRR Memorial Hermann Outpatient Rehabilitation—Southeast offers comprehensive individualized rehabilitation services for children and adults with various neurological, orthopedic, and medical conditions, utilizing a multidisciplinary team approach to help patients re-engage in daily functions and improve their quality of life. Memorial Hermann Health System, a distinguished not-for-profit healthcare provider, is the largest health system in southeast Texas with 4,233 licensed beds and a dedicated workforce comprising 33,000+ employees distributed across 320 care locations. The hospital system has been ranked among America's Best Hospitals by U.S. News and World Report for more than 30 years. In May of 2024, S&P improved Memorial Hermann Health System's credit rating from A+ to AA- due to its strong market position and investments to meet the high demand in a growing region.

The property is strategically located in a thriving medical and retail corridor, flanked by four major hospitals: HCA Houston Healthcare Clear Lake, UTMB Health Clear Lake, Kindred Hospital Clear Lake, Houston Methodist Clear Lake Hospital, and Vibra Hospital of Clear Lake, with a combined capacity of 1,086 beds. Within a 3-mile radius, the area boasts 11.7 million square feet of retail space, featuring prominent national retailers such as Costco, Apple, Walmart, and Target. The asset benefits from excellent connectivity via the high-traffic Interstate 45, linking Webster to Houston and its environs.