
2550 West Bay Area Friendswood
Retail | 6.51% CAP | 6,000 SqFt
Marketing description
Introducing an incredible investment opportunity! NATIONAL CREDIT - 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.
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