5009 Caroline St - Day Care Center FOR SALE
Houston, TX 77004 |
$9,743,424 USD
713-408-8555
5009 Caroline St
Houston, TX 77004
HIGHLIGHTS
- The brand new 15-year Absolute NNN lease will commence in September 2024, allowing investors the opportunity to capitalize on the entire lease term.
- Featuring rare 3% annual rent increases, (2) 5-year options, and zero LL responsibilities, the Property provides a long-term, passive investment.
- Located in the Museum District, which attracts over 8.7M visitors annually, and is long-considered one of the most sought-after districts in Houston.
- Irreplaceable Urban Infill Location | High Barriers to Entry | Tucked Away in the Middle of Everything
- Located 3 minutes from the Property, the Ion District will become Houston’s mixed-use destination, comprising 12 blocks upon completion.
- The Learning Experience is a recognized leader in the daycare and early education industry with 600+ centers and 22% revenue growth over last 5 years.
FOR SALE DETAILS
PRICE
$9,743,424 USD
PRICE/SF
$688 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
STATUS
Under Renovation
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Learning Experience
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1965
SPRINKLERS
-
PARKING SPACES
48
LAND DETAILS
LAND ACRES
0.78 AC
LAND SF
33,977 SF
ZONING
-
APN/PARCEL ID
0332510020005
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713-408-8555
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713-408-8555
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