Listed by Sands Investment Group
$4,171,000
Fractal EG - Five Star Montessori - Houston, TX
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 14,813
Cap Rate 7%
NOI $291,970
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $282
Year Built 1998
Acreage 1.400
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition Sale for leaseback
15-Year NNN | Fractal Education Group | Near I-10 & Houston Energy Corridor
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 14,813 SF Fractal Education Group - Five Star Montessori located at 13260 Forkland Lane in Houston, TX. This deal includes a property that has a 15-year Triple Net (NNN) Lease with zero landlord responsibilities that is located off Interstate 10 in Houston’s energy corridor, one of the city’s primary employment hubs with 60,000+ daily commuters.
Investment highlights
- Five Star Montessori is guaranteed by Fractal Education Group, a 17-unit operator aggressively growing in Texas.
- Located off I-10 in Houston’s Energy Corridor, one of the city’s primary employment hubs with 60,000+ daily commuters.
- Located 30 miles from George Bush Intercontinental Airport (IAH).
- 15-year Triple Net (NNN) Lease and zero landlord responsibilities.
- Average household income of $107,570 and a population of 294,945 residents within a 5-mile radius.
- 12 elementary feeder schools within a 5-mile radius.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$291,970.00
$24,330.83/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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