Investment Offering
Houston, MS - Progressive Health
1002 E. Madison St | Houston, MS 38851
$9,225,000
Price8%
Cap Rate$738,000
NOI1968
Year Built100%
Occupancy88,247
± SF Offering GLA13
± AC Land AreaDescription
SRS Real Estate Partners, LLC is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased healthcare investment located in Houston, Mississippi. The tenant, Progressive Health of Houston, LLC, recently signed a brand-new 20-year lease with two (2) additional 5-year renewal options, demonstrating their long-term commitment to the property. The lease features 2.5% annual rental increases throughout the primary term and renewal periods, offering consistent NOI growth and a built-in hedge against inflation. The lease is structured as absolute NNN, with zero landlord responsibilities, making this an ideal, management-free investment opportunity for passive or out-of-state investors.
Location
The lease is backed by a corporate guaranty from Progressive Medical Enterprise, LLC, a subsidiary of Progressive Health Group (PHG), a privately held rural healthcare operator. PHG manages a network of five hospitals across Mississippi and Georgia, including eight successful conversions to Rural Emergency Hospitals (REH). With over 400 employees and deep sector expertise, the guarantor provides strong operational backing and tenant stability. Strategically located on E Madison St (9,600 VPD), the primary thoroughfare serving Houston and the broader region, the property benefits from excellent visibility and accessibility. The facility operates as a designated Rural Emergency Hospital (REH), delivering critical emergency care services in a medically underserved market. With no competing hospitals within a 25-mile radius, this property fulfills a vital healthcare need and reinforces long-term tenant viability.
Documents & Links
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 Offering Memorandum |  |  |