9951 Fannin St - NeuroRestorative Houston
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9951 Fannin St - NeuroRestorative Houston
20,600 SF Health Care Building Offered For Sale in Houston, TX 77045
Investment Highlights
- Absolute Net Lease tenant
- 4.9 years of lease term remaining
- 8 million patient encounters per year at The Texas Medical Center
- 36% population growth projected withing a 1-mile radius
- 3.5 miles from the largest Medical Center in the world
- Absolute Net Lease tenant
Executive Summary
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.
Property Facts Under Contract
| Sale Type | Investment | No. Beds | 24 |
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Year Built | 2008 | |
| Lot Size | 2.73 AC | Parking Ratio | 3.05/1,000 SF |
| Building Size | 20,600 SF |
| Sale Type | Investment |
| Property Type | Health Care |
| Property Subtype | |
| Lot Size | 2.73 AC |
| Building Size | 20,600 SF |
| No. Beds | 24 |
| No. Stories | 1 |
| Year Built | 2008 |
| Parking Ratio | 3.05/1,000 SF |
Amenities
- Wheelchair Accessible
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9951 Fannin St - NeuroRestorative Houston
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