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HealthSouth
State Highway 288 & Discovery Bay Dr., Pearland, Texas
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Investment Highlights
- FOR SALE: $8,820,000
- Brand new state of the art rehabilitation center with a construction value of over $15 million
- The (20) year lease includes attractive 10% rental increases every 5 years during the primary term
- Pearland is home to 8.2 million square feet of retail space and has a robust occupancy rate of 97%
- As of Dec. 2015, HealthSouth reported total revenue of over $3.1B - 31% increase year-over-year
- S&P credit rating of B- and Moody's credit rating of Ba3
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CBRE’s Net Lease Property Group, as exclusive advisor to Ownership, is pleased to present the opportunity to acquire a NNN ground lease with HealthSouth Corporation as the tenant. The Property is a 5.46 acre parcel of land located just off State Highway 288 and Discovery Bay Drive in Pearland, TX. HealthSouth Corporation will be investing more than $18M in the Property by constructing a 48,455 SF state of the art rehabilitation center providing ownership with a favorable equitable basis and residual value in the property. HealthSouth is located near Memorial Hermann’s Pearland Campus, HCA Pearland Medical Center, Kelsey-Seybold Clinic and Administrative Headquarters, making this location a desired medical and retail corridor. The offering’s premier healthcare tenancy, optimal lease structure, strategic location and unprecedented residual basis combine to form a rare and exceptional investment opportunity.
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