$3,985,000 USD
314-563-2206
1838 FM 359 Rd
Richmond, TX 77406
Pecan Grove
HIGHLIGHTS
- High Growth and High-Income Market: 3.37% Annual Growth Rate Projected in the next 5 Years and $152,000 Average Household Income
- 2020 Construction Build to Suit : Constructed specifically for The Learning Experience (TLE), this location features an upgraded design focused on red
- No State Income Tax State: Texas is a no state income tax state
- Minimal Landlord Responsibilities: The lease is NN with minimal landlord responsibilities making this a great investment for passive cash flow
- Strong Established Tenancy: Tenant has a proven 5 Year Operating History demonstrating stability and long term viability
FOR SALE DETAILS
PRICE
$3,985,000 USD
PRICE/SF
$399 USD /SF
CAP RATE
7.45%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
ADD'L SUBTYPES
Freestanding, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.05 AC
LAND SF
45,738 SF
ZONING
S
APN/PARCEL ID
0062-00-000-0328-907
ASK ABOUT THIS PROPERTY
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314-563-2206
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314-563-2206
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