Daycare Below Replacement Cost - Real Estate with Operations
Business for Sale | 11,054 SqFt
Marketing description
Quenby Commercial is pleased to exclusively market for sale the preschool operations with or without the real estate in the esteemed Harmony master-planned community in Spring, TX, a suburb of Houston. Harmony boasts 1,000 ac near the Spring Creek Greenway which is comprised of 12,000 ac of nature preserve. The population in Harmony has quadrupled since 2010 (within 1 mi) and is healthily continuing to increase. Retail development (HEB, Kroger, Walmart, Regal Theaters, LA Fitness, Chick-fil-a, McDonald’s, Starbucks, et al) and the arrival of the Grand Parkway (SH 99, a 184 mile loop around Greater Houston currently carrying over 44k vpd) are spurring additional growth.
The Houston MSA is home to roughly 7.3M people after welcoming nearly 140,000 new residents in 2023 and was awarded WalletHub’s distinction as #1 Most Diverse Large City in America. A robust economy featuring the largest medical center in the world (over 50M square feet of developed space), largest port in the nation (293.83M short tons of waterborne tonnage), 26 Fortune 500 company headquarters, the oil and gas industries’ hub, NASA, no state or local income tax, and year-round professional ballet, opera, symphony and theater companies provide the foundation of one of America’s strongest cities.
Investment highlights
• Own the preschool operations with or without the real estate. Asking $500,000 for the operations alone.
• 2019 Construction
• Strong population densities
• Great preschool population (4,621 <4yo within 3 miles)
• Located in Harmony master-planned community
• Very strong household incomes ($220k within 1 mile)
• Part of the Houston MSA
• No state or local income tax
• Strong Traffic:
- 239,291 vpd on Interstate 45
- 54,624 vpd on Grand Parkway
- 65,521 vpd on Hardy Toll Road
PROPERTIES’ DISTANCES TO MAJOR ATTRACTIONS:
• The Woodlands Mall: 17 minutes
• Downtown Houston: 33 minutes
• Intercontinental Airport Houston: 25 minutes
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