Two-Tenant Medical Office with Corporate-Backed NNN Lease
Blue West Capital is pleased to offer for sale the fee simple ownership (land and building) of a two-tenant, NNN-leased medical office building located in Jersey Village, TX, within the Houston MSA. The 11,695 SF property is anchored by Westpark Springs, LLC, a three-location Texas behavioral health operator, under a corporate-backed triple-net (NNN) lease with approximately 6.4 years of primary term remaining. The Westpark Springs lease features scheduled base rent increases of 10% in less than two years and 9% in August 2030, providing a hedge against inflation. The seller will provide a two-year rent guaranty of $30.00 PSF plus NNNs on the vacant 3,750 SF space if it is not leased prior to closing.
The property offers direct frontage along US Highway 290, which carries more than 193,000 vehicles per day, and is located near the Sam Houston Tollway (168,000+ VPD). The surrounding trade area features average household incomes exceeding $130,000 within one mile and more than 260,000 residents within five miles. The property is approximately 20 minutes northwest of Downtown Houston.
