3321 Peek Rd - Schools FOR SALE
Katy, TX 77449 |
$6,132,000 USD
332-345-4222
NO PHOTO
$6,132,000 USD
Schools - FOR SALE
null | 7% Cap Rate
3321 Peek Rd
Katy, TX 77449
HIGHLIGHTS
- This subject investment property is a brand-new Lightbridge Academy and will be sold during construction with a slated completion date in late 2024.
- The subject property site has received the necessary municipality approvals to build an early education facility.
- The investment property is subject to an Absolute Triple Net (NNN) Lease with zero landlord responsibilities.
- Corporate Guarantee from New Jule Holdings for the full term of the lease.
- The subject investment property will have a brand new 20-year Absolute Triple Net (NNN) Lease commencing on the close of escrow.
- Lightbridge Academy has been successfully operating for over 27 years with over 150 locations across 10 different states.
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a
Lightbridge Academy located at 3321 Peek Road, Katy, TX
77449. The site consists of roughly 14,629 rentable square feet of
building space on an estimated 1.92-acre parcel of land. This
Lightbridge Academy is subject to a 20 Years-year Triple Net
(NNN) lease which will commence upon close of escrow. The
annual rent will be $429,240 and has scheduled increases of
2.00% Annually.
FOR SALE DETAILS
PRICE
$6,132,000 USD
PRICE/SF
$419 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lightbridge Academy
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Schools
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.92 AC
LAND SF
83,635 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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332-345-4222
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332-345-4222
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