FIRST CHOICE EMERGENCY ROOM€¦ · SVN | ASSET ADVISORY GROUP | 4849 RONSON COURT, SUITE 216, SAN DIEGO, CA 92111 SALE BROCHURE FIRST CHOICE EMERGENCY ROOM 10815 KUYKENDAHL RD.,

SVN | ASSET ADVISORY GROUP | 4849 RONSON COURT, SUITE 216, SAN DIEGO, CA 92111 SALE BROCHURE

FIRST CHOICEEMERGENCYROOM10815 KUYKENDAHL RD.,THE WOODLANDS (HOUSTON), TX 77382

Barbara Kreis BRE#00797227 Senior Vice President [email protected] #00797227

Chris Rink, CCIMAmerican Value [email protected] Lic 9006819

OFFERING SUMMARY

Sale Price: $8,966,890

Cap Rate: 6.5%

NOI: $582,847

Lot Size: 1.25 Acres

Year Built: 2016

Building Size: 7,851 SF

Market: Houston

Submarket: The Woodlands

20 year absolute Net lease having approximately 18 years remaining on the initial term. No Landlord responsibilities. Thelease provides for 2% ANNUAL increases.

First Choice Emergency Room, a department of First Texas Hospital, is the leading emergency room system both in sizeand being the oldest, most established. First Choice Emergency Room is an Adeptus Health company. Adeptus Health is aholding company consisting of First Choice Emergency Room and Dignity Health.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Long Term ,Absolute Net Lease

• Annual rent increases

• 6.5% CAP RATE

• PRIME location - affluent master planned community

• Built in 2016

• Tax Free state

Property Summary

FIRST CHOICE EMERGENCY ROOM | 10815 KUYKENDAHL RD., THE WOODLANDS (HOUSTON), TEXAS THE WOODLANDS (HOUSTON) , TEXAS, TX 77382 SVN | Asset Advisory Group | Page 2All SVN® offices are independently owned and operated.


Recent relocation site (2016), this location features easy access and excellent visibility along KuykendahlRd. The location has recent traffic counts in excess of 26,590 VPD traffic. The adjacent road, WoodlandsPkwy., features over 40,750 VPD . The property is close to the I-45 with a VPD count of 240,700 VPD.

The site is centrally located in a strong medical corridor, home to numerous Physician offices, medicaloffices, cosmetic and orthodontics facilities and office buildings - PLUS a strong RETAIL trade corridor. Thesite is an outparcel to the 136,000+ square foot Indian Village Center, anchored by HEB; adjacent to Krogeranchored 129,000 square foot Sterling Ridge Shopping Center, and adjacent to The Woodlands CrossingShopping Center, a 125,000 square foot shopping center anchored by Trader Joe's and Petco.

The location is surrounded by dense residential neighborhoods and local area amenities including over 150restaurants, upscale shopping, golf courses, parks and more.

The area has experienced tremendous population growth with an increase of 104% since 2000 and isprojected to grow another 15% in the next 4 years. There are over 147,000 people within a 5 mile radiuswith household income within a 1 mile radius of over $173,710.

The Woodlands is an affluent master planned community approximately 28 miles north of Houston alongI-45. Known for its high-quality lifestyle, excellent amenities and local beauty, it is an Urban Land InstituteSpecial award-winning community. Additionally, the area provides a substantial employment base as ithas successfully attracted major corporate campuses such as Chevron, Anadarko Petroleum, HuntsmanCorporation, Baker Hughes, McKesson Corporation, Maersk Line, Exon Mobil, Halliburton, Chicago Bridgeand Iron and Woodforest National Bank.

LOCATION OVERVIEW

Location


TENANTNAME

UNITNUMBER

UNITSIZE(SF)

LEASESTART

LEASEEND

LEASESTART

ANNUALRENT

%OF

GLA

PRICEPERSF/YR

First Choice ER, LLC 7,851 11/28/16 11/27/2036 Current $571,396 100.0 $72.78

* 2% annual increases through the term. Approximately 18 years

remain on the initial term with the next RENT INCREASE due

NOVEMBER, 2018

Effective 11/18 $582,847

Totals/Averages 7,851 $571,396 $72.78

Rent Roll


POPULATION 1 MILE 3 MILES 5 MILES

Total population 6,107 51,405 111,726

Median age 38.2 38.3 38.3

Median age (male) 38.0 37.8 37.7

Median age (Female) 37.7 38.4 38.6

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 2,020 17,379 39,095

# of persons per HH 3.0 3.0 2.9

Average HH income $149,859 $144,410 $133,163

Average house value $292,948 $295,117 $274,650

ETHNICITY (%) 1 MILE 3 MILES 5 MILES

Hispanic 12.6% 12.2% 12.5%

RACE (%)

White 90.4% 89.5% 88.5%

Black 1.6% 2.2% 2.5%

Asian 4.2% 4.4% 4.3%

Hawaiian 0.0% 0.0% 0.0%

American Indian 0.2% 0.2% 0.2%

Other 1.6% 1.9% 2.3%

* Demographic data derived from 2010 US Census

Demographics Map


Retailer Map


Disclaimer

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be usedfor any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent ofthe SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receivingthese materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct,and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representationsor warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or madeavailable to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fullyexecuted and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this OfferingBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospectivepurchaser proceeds at its own risk.

FIRST CHOICE EMERGENCY ROOM€¦ · SVN | ASSET ADVISORY GROUP | 4849 RONSON COURT, SUITE 216, SAN DIEGO, CA 92111 SALE BROCHURE FIRST CHOICE EMERGENCY ROOM 10815 KUYKENDAHL RD.,

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