ID#043171   Approximate Beds/Units:  241     Location:  Tomball

Another firm is pleased to introduce a 10,190 SF Health Care Building with 241 beds offered at $3,820,000 at a 5.50% Cap Rate in Tomball, TX. There is an Absolute NNN Lease, fee simple ownership, and zero landlord responsibilities. The tenant has over 11.5 years of firm term remaining with 3 (5-year) option periods left to extend. The lease features 2% annual rental increases throughout the initial term and option periods, growing NOI, and hedging against inflation. The lease is personally guaranteed – tenant and guarantors are to report sales upon request. There is a well-known and established tenant.