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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28162626
28162427

2550 W Bay Area Blvd, Friendswood, TX 77546

DA
TX 434896
Republic Central Realty
Listed by Republic Central Realty
$1,500,000
208 days on market
Updated 44 days ago

2550 Bay Area Blvd.

Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery
Square Footage 6,000
Cap Rate 6.51%
NOI $97,650
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 11/30/2029
Remaining Term 3.5
Rent Bumps Yes
Lease Options 2
Price per SqFt $250
Class B
Buildings 1
Stories 1
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Retail | 6.51% CAP | 6,000 SqFt

Marketing description

Introducing an incredible investment opportunity! NATIONAL CREDIT TENANT - KINDER CARE CHILD CARE CENTER - FOR SALE at 2550 West Bay Area Blvd., Friendswood, TX 77546. This meticulously maintained childcare facility boasts a 6,000 SF building with a long-term tenant providing a stable annual lease income of $97,650.00 +NNN. With a current cap rate of 6%, this property offers a secure investment with further growth potential. Located in a high-traffic area with over 18,000 VPD, this property is strategically positioned to serve a densely populated neighborhood with an average household income of $102,094 within a 1-mile radius. The tenant, in place since 1983, has four years remaining on the lease with two additional five-year options. Don't miss out on this rare opportunity to own a successful income-producing property with a proven track record in a thriving community. Contact Gary Smith or Dawn Askew at Republic Central Realty, Inc. for further details.

Investment highlights

Introducing an incredible investment opportunity! CHILD CARE CENTER - FOR SALE at 2550 West Bay Area Blvd., Friendswood, TX 77546. This meticulously maintained childcare facility boasts a 6,000 SF building with a long-term tenant providing a stable annual lease income of $97,650.00 +NNN. With a current cap rate of 6%, this property offers a secure investment with further growth potential. Located in a high-traffic area with over 18,000 VPD, this property is strategically positioned to serve a densely populated neighborhood with an average household income of $102,094 within a 1-mile radius. The tenant, in place since 1983, has four years remaining on the lease with two additional five-year options. Don't miss out on this rare opportunity to own a successful income-producing property with a proven track record in a thriving community. Contact Gary Smith or Dawn Askew at Republic Central Realty, Inc. for further details.

Listing Contacts

DA
TX 434896
Republic Central Realty
Listed by Republic Central Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$97,650.00
$8,137.50/mo

Valuation Metrics

0
DSCR
6.51%
Cap Rate
6.51%
ROI

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