10102 FM 2920 Rd - Warehouse FOR SALE


Tomball, TX 77375
$5,714,286 USD
332-345-4222
10102 FM 2920 Rd, Tomball, TX for Sale
$5,714,286 USD
Warehouse - FOR SALE
1/2
null | 7% Cap Rate

10102 FM 2920 Rd
Tomball, TX 77375


HIGHLIGHTS

  • Brand New, 20-Year Lease | New 2024 Construction
  • A+ Location for TLE | Located in Affluent Houston Metropolitan Area| Average Household Income Exceeding $136,900 Within a Five-Mile Radius
  • Dozens of Single Family and Townhome Developments in Progress Around the TLE

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a The Learning Experience located at 9930 Farm to Market 2920. The site consists of roughly 10,006 rentable square feet of building space on estimated 1.07-acre parcel of land. This TLE is subject to a 20-year lease, which commences on April 30, 2024. The current annual rent is $400,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 2, 5-year renewal options. The corporate guarantee is structured at a maximum amount of $700,000 which burns off by $140,000 each year from the start of the lease.

FOR SALE DETAILS

PRICE

$5,714,286 USD

PRICE/SF

$571 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experiece

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07

LAND SF

46,609

ZONING

-

APN/PARCEL ID

0410260010516

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.