Log In/Sign Up
Your email has been sent.
Cadence Academy - Houston, TX 12300 Queenston Blvd 19,366 SF Retail Building Houston, TX 77095 $6,170,286 ($318.61/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Cadence Education is one of the largest private childcare providers in the U.S., with 30+ years of operating history and more than 300 locations.
- The center is located in a high-traffic area off US Hwy 290 and 30 miles from George Bush Intercontinental Airport (IAH).
- Average household income of $143,412 and a population of 262,290 residents within a 5-mile radius.
- Houston is the largest city in the state of Texas and the fourth-largest in the United States.
- ~15 years remaining on the lease with favorable 2% annual rent escalators.
- Texas is an income tax–free state.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 19,366 SF Cadence Academy located at 12300 Queenston Blvd in Houston, TX. This deal includes ~15 years remaining on the lease with favorable 2% annual rent escalators, providing for a long-term income stream backed by a proven national operator.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
19,366 SF
Building Class
B
Year Built
2003
Price
$6,170,286
Price Per SF
$318.61
Cap Rate
6.50%
NOI
$401,068
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
2.10 AC
Parking
28 Spaces (1.45 Spaces per 1,000 SF Leased)
Frontage
196’ on Barker Cypress Rd
AMENITIES
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cadence Academy
- Educational Services
- 19,366 SF
- $20.71
- Triple Net
- Sep 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cadence Academy | Educational Services | 19,366 SF | $20.71 | Triple Net | Sep 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0421210000285 | Improvements Assessment | $2,586,983 |
| Land Assessment | $912,970 | Total Assessment | $3,499,953 |
PROPERTY TAXES
Parcel Number
0421210000285
Land Assessment
$912,970
Improvements Assessment
$2,586,983
Total Assessment
$3,499,953
CONTACTS
-
Seth Krepistman -
Jason May -
Clifton McCrory -
Michael Gonzalez -
Max Freedman -
Sands Investment Group Austin, LLC
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Cadence Academy - Houston, TX | 12300 Queenston Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.