Listed by STRIVE Commercial Real Estate Advisors
$2,470,000
Academy of Young Scholars
Details
Property Type Special Purpose
Sub Type School
Square Footage 7,520
Cap Rate 8.00%
NOI $197,215
Lease Type NNN
Lease Term 10.1
Lease Expiration 10/01/2033
Remaining Term 7.3
Rent Bumps Yes
Price per SqFt $328
Lease Commencement 09/01/2023
Ground Lease No
Special Purpose | 8% CAP | 7,520 SqFt
Marketing description
Introducing ACADEMY OF YOUNG SCHOLARS in Houston, TX! This prestigious property offers an excellent investment opportunity with a strong financial outlook. The property features a long-term lease with over 8 years remaining on the primary term and two 5-year renewal options, providing stability and potential for growth. With 3% annual rent increases and a NNN lease structure, the property ensures consistent NOI growth and minimal landlord responsibilities limited to roof and structure maintenance. The personal guaranty from an experienced daycare ownership group adds further assurance.
Located near multiple schools and residential areas, 2526 Walnut Bend benefits from a dense trade area with over 538,000 residents within 5 miles. The property's proximity to major retailers and amenities in the Westchase Power Center enhances its appeal and convenience. Don't miss this opportunity to invest in a thriving educational facility with a secure lease and promising potential for the future.
Investment highlights
- 8+ Years Remaining on Primary Term with Two 5-Year Renewal Options
- 3% Annual Rent Increases Throughout Base Term and Options, Noi Growth Hedge
- NNN Lease Structure with Landlord Responsibilities Limited to Roof & Structure
- Personal Guaranty From Experienced Daycare Ownership Group
- Proximity to Three Elementary Schools Totaling 2,700+ Students Nearby
- Surrounded by Apartment Communities with 2,000+ Units within Immediate Area
- Dense Residential Trade Area with 538,000+ Residents within 5 Miles
- Adjacency to Westchase Power Center Anchored by Target, Whole Foods, Walmart, H-E-B
Listing Contacts
Listed by STRIVE Commercial Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$197,215.00
$16,434.58/mo
Valuation Metrics
0
DSCR
7.98%
Cap Rate
7.98%
ROI
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