Listing Number: 76931-347378
Description
This is a commercial real estate investment opportunity offered at a 6.0% cap rate. Current tenant just renewed for an additional 10 years, NNN, with 3 year escalations. 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.
Listing Details
- Price: $3,125,000
- Down Payment: $3,125,000
- Sellers Discretionary Earnings: $187,800
- Total Sales: $187,800
- Location: Montgomery, Texas
- Inventory: $0
- FF&E: $0
- Employees:
- Reason for Selling: NA
- Category: Real Estate Related
