Listed by Trinity Real Estate Investment Services
$8,424,000
KinderCare Learning Companies (Crème de la Crème)
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 28,438
Cap Rate 6.5%
NOI $547,560
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 12/31/2043
Remaining Term 17.6
Rent Bumps Yes
Lease Options Four (4), 5-Year; 10%
Price per SqFt $296
Year Built 2000
Acreage 3.260
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/15/2023
Ground Lease No
Daycare | 6.50% CAP | 28,438 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Crème de la Crème School in The Woodlands, TX. This property is a Houston MSA Crème De La Crème with over 17 years remaining on the current term, secured by an absolute NNN lease with zero landlord responsibilities.
Property Website: https://trinityreis.com/listing/2350-research-forest-dr/
Investment highlights
- Houston MSA Creme De La Creme in The Woodlands, TX With 17+ Years Remaining on Current Term
- Absolute NNN Lease With Zero Landlord Responsibilities
- 176,000+ 5 Mile Population - Surrounded by Affluent Households in The Woodlands, Ensuring Consistent Demand
- Near a Signalized Intersection Along Research Forest Dr With Combined Traffic Counts of 44,000+ VPD
- Affluent, Growing Suburb With $156,000+ Avg. HH Income Within 5 Mile and 7.20% Projected Population Growth Over the Next 5 Years
- Close to The Woodlands’ Corporate Campuses, Hospitals, and Retail Centers
- 31 Miles North of Downtown Houston via I‑45, Serving an MSA of 7.8M+ Residents
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$547,560.00
$45,630.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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