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100% Leased Freestanding Building 2911 Wood River Dr
Retail | 7.86% CAP | 4,560 SF
Listing Contacts
ArchPoint RealtyLicense: TX623765
Active
Asking Price:Unpriced
Deal terms are not currently defined. Request your own specific terms when submitting a non-binding offer.
Address
2911 Wood River Rd, Spring, TX 77373
Show on MapDate Added
Jul 24, 2023
Days on Market
605 days
Time Since Last Update
150 days
Details
Property TypeRetail
SubtypeDay Care/Nursery
Investment TypeNet Lease
Lease TypeNNN
TenancySingle
Brand/TenantE & C Academy
Lease Expiration05/25/2025
Remaining Term0.2 years
Square Footage4,560
Net Rentable (sq ft)4,560
Cap Rate7.86%
Occupancy100%
Units1
Year Built2019
Buildings1
Stories1
Lot Size (acres)0.53
Rent Bumps1/1/24 Rent Increases
Broker Co-OpYes
Lease OptionsTwo 5 Years
Marketing Description
Heavy Daytime Traffic, Endless Homes
Prime Opportunity to acquire NNN Leased Daycare Center. Payments Received on the 1st of every month. Built in 2019. Rent Increases 1/1/24. Tenant has express multiple times to extend the lease.
Parcel is .56 acres with quick access to I-45 and Hardy Toll Road. Excellent location. Tremendous of growth in the area. Endless homes with great demographics. Main entrance to 1000s of homes. Great visibility.
“There are 20 million children under the age of five in the U.S., and about a quarter of them (5 million) are in some form of organized childcare (centers, nurseries, preschools). The childcare market is worth $47 billion – a figure that’s expected to grow to $52.5 billion by 2021.
Investment Highlights
Rent is received on the 1st of the month, NNN lease, tenant pays for water, electric, trash, etc. No responsibility, warranty in place for AC Units and appliances. Solid Investment.
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Property History
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Due Diligence
Listing Contacts
- ArchPoint RealtyLicense: TX623765
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