Listed by Trinity Real Estate Investment Services
$6,577,410
Learning Care Group (Everbrook Academy)
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 13,803
Cap Rate 6.75%
NOI $443,975
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type NN
Lease Term 15.2
Lease Expiration 08/31/2036
Remaining Term 10.2
Rent Bumps Yes
Lease Options Three (3), 5-Year; 7.5%
Price per SqFt $477
Year Built 2020
Acreage 1.720
Investment Type Net Lease
Lease Commencement 06/11/2021
Ground Lease No
Daycare | 6.75% CAP | 13,803 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire an Everbook Academy in Sienna, TX. This property is a Houston MSA Everbrook Academy with over 10 years remaining on the primary term, secured by a NN lease that provides 7.5% rent increases every five years.
Property Website: https://trinityreis.com/listing/1647-waters-lake-blvd/
Investment highlights
- Houston MSA Everbrook Academy in Sienna, TX With 10+ Years Remaining on Primary Term
- NN Lease With 7.5% Rent Increases Every 5 Years
- Near a Signalized Intersection With Combined Traffic Counts of 9,000+ Vehicles Passing Daily
- Dense Demographics With 100,000 Residents Within 5 Miles Driving Steady Childcare Demand
- Affluent Suburban Community $146K+ Avg. Household Income Within 5 Miles
- Situated in the Heart of the 10,000-Acre Sienna Master-Planned Community With Homes, Schools, Parks, Lakes, Golf & Amenities
- Just 28 Miles From Downtown Houston, Within a 7.35M+ Resident Metro Area
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$443,975.00
$36,997.92/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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