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Fractal EG- Five Star Montessori 13260 Forkland Ln 14,813 SF Retail Building Houston, TX 77077 $4,171,000 ($281.58/SF) 7% Cap Rate
Investment Highlights
- Five Star Montessori is guaranteed by Fractal Education Group, a 17-unit operator aggressively growing in Texas.
- Located 30 miles from George Bush Intercontinental Airport (IAH).
- Average household income of $107,570 and a population of 294,945 residents within a 5-mile radius.
- Located off I-10 in Houston’s Energy Corridor, one of the city’s primary employment hubs with 60,000+ daily commuters.
- 15-year Triple Net (NNN) Lease and zero landlord responsibilities.
- 12 elementary feeder schools within a 5-mile radius.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 14,813 SF Fractal Education Group - Five Star Montessori located at 13260 Forkland Lane in Houston, TX. This deal includes a property that has a 15-year Triple Net (NNN) Lease with zero landlord responsibilities that is located off Interstate 10 in Houston’s energy corridor, one of the city’s primary employment hubs with 60,000+ daily commuters.
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
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
14,813 SF
Building Class
C
Year Built
1998
Price
$4,171,000
Price Per SF
$281.58
Cap Rate
7%
NOI
$291,970
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.40 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Fractal EG- Five Star Montessori
- Educational Services
- 14,813 SF
- $19.71
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Fractal EG- Five Star Montessori | Educational Services | 14,813 SF | $19.71 | Triple Net | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1172750010002 | Improvements Assessment | $1,423,759 |
| Land Assessment | $1,204,180 | Total Assessment | $2,627,939 |
Property Taxes
Parcel Number
1172750010002
Land Assessment
$1,204,180
Improvements Assessment
$1,423,759
Total Assessment
$2,627,939
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Fractal EG- Five Star Montessori | 13260 Forkland Ln
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