NOT DISCLOSED, Texas
| Asking Price |
$3,125,000 |
Year Established |
|
|
| Annual Revenue |
$193,440 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
Bobbi Coffey |
|
| Annual Cash Flow |
$193,440 |
Listing Number |
980602 |
|
| # of Employees |
|
Business Category |
Commercial Real Estate: For Lease Commercial Properties |
|
Business Overview:
Looking for single tenant real estate investment opportunity with a long term lease in place? Check this out!
This is a commercial real estate investment opportunity offered at a 6.2% cap rate. Current tenant just renewed for an additional 10 years, NNN, with 3 year escalations. Annual NOI effective April, 2025 is $193,440. Lease expires April, 2034. Located in The Woodlands / Spring area, in Montgomery County, south Texas, this +- 1.5 acre property has a purpose built 7,930 SF commercial school, with 9,240 gross building area. Current real property owners also ran the educational business from 2014-2019, when they sold it to a third party, and leased the building to them. After the five year initial lease, they recently extended for an additional 10 years. This is an excellent opportunity for a commercial real estate investor to acquire real estate with an existing successfully operating tenant. Excellent location in a growing area in south Texas. Contact broker for showing.
Property Features and Assets:
<p>Monthly Rent: $15,650.00<br><br>Square Units (Foot, Meter): 7,930<br><br>Facilities: purpose built educational facility<br></p>
Market Competition and Expansion:
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity