Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$2,818,000
Action Behavior Centers | 350+ Unit Corp. Tenant/Guarantee
Details
Property Type Retail, Office
Sub Type Day Care/Nursery, Medical Office
Square Footage 6,688
Cap Rate 7%
NOI $197,320
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 10/31/2032
Remaining Term 6
Rent Bumps Yes
Lease Options 2, 5 Year Options
Year Built 2013
Year Renovated 2022
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/14/2022
Ground Lease No
Houston MSA | 7.0% Cap Rate
Marketing description
- Seven Years Remaining on Triple-Net (NNN) Lease with Corporate Guaranty
- Property Underwent Extensive Renovations in 2022: All New HVAC Systems, a New Roof, and $493,000 in Interior Tenant Improvements
- Annual Rental Increases with Multiple Renewal Options
- Growing Tenant - Action Behavior Centers has More Than 350 Locations
- Private Equity Firm CharlesBank Acquired Action Behavior Centers in 2022 (Valued at $840 Million at the Time of Sale, and Continuing to Grow)
Investment highlights
Action Behavior Centers - ABA Therapy for Autism (“ABC”) is the leading provider of Applied Behavior Analysis (ABA) therapy in Texas, Arizona, Colorado, Illinois, North Carolina, and Minnesota. With over 350 locations open and a community of more than 12,000 Autism professionals, the company serves thousands of children and families with Autism.
League City is a city primarily in Galveston County, Texas, with a small portion located within Harris County. Situated within the Houston metropolitan area, the city is home to an estimated 114,400 residents.
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$197,320.00
$16,443.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
