2526 Walnut Bend - Day Care Center FOR SALE


Houston, TX 77042- Briar Forest
$2,553,000 USD
914-498-2225
2526 Walnut Bend, Houston, TX for Sale
$2,553,000 USD
Day Care Center - FOR SALE
1/9
null | 7.5% Cap Rate

2526 Walnut Bend
Houston, TX 77042
Briar Forest


HIGHLIGHTS

  • 8+ Years Remaining | Options To Extend | 3% Annual Increases | Personal Guaranty
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities | No State Income Tax
  • Westchase Shopping Center (330,000 SF Power Center) | Strong National/Credit Tenants | Direct Residential Consumer Base
  • Signalized, Hard Corner Intersection | Nearby Elementary Schools |Westpark Tollway (50,300 VPD) | Heavily Traveled Trade Area
  • Strong Demographics in 5-Mile Trade Area | 83k+ Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, personally guaranteed, Academy of Young Scholars Daycare investment property located in Houston, Texas. The tenant, Immobiliarie Properties, LLC has 8+ years remaining on the primary lease term with 2 (5-year) options to extend. The lease features 3% annual increases in the initial term and throughout the option periods, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor in an income tax free state. The operators of this Academy of Young Scholars Daycare have over 20 years of experience with daycare ownership and early development of children up to age 12, and successfully operated and sold their previous childcare company.

FOR SALE DETAILS

PRICE

$2,553,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Academy of Young Scholars Daycare

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

Commercial

APN/PARCEL ID

0451380010012

ASK ABOUT THIS PROPERTY

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.