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The Learning Experience 16216 Moonrock Dr 10,000 SF 100% Leased Retail Building Houston, TX 77062 $5,310,000 ($531/SF) 7.25% Cap Rate
Investment Highlights
- The new 20-year lease commenced in April 2025, allowing investors the opportunity to capitalize on nearly the entire lease term.
- Located adjacent to NASA’s Johnson Space Center which employs 12,541 federal/contract employees throughout 163 facilities totaling nearly 4MSF.
- Residents within a 3-mile radius of the Property earn an average household income of approximately $124,000 yearly.
- Recently completed in early 2025, TLE provides investors with the opportunity to acquire a new Class A asset with low future capital expenditures.
- TLE is also neighboring the University of Houston Clear Lake, a four-year university with 8,137 students and more than 900 fulltime faculty and staff.
- Clear Lake area is home to an affluent community surrounded by rooftops, as well as a multitude of industries, with 38.4SF of commercial space.
Executive Summary
New Construction TLE | Brand New 20-Year Lease
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2025
Price
$5,310,000
Price Per SF
$531
Cap Rate
7.25%
NOI
$385,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
2.01 AC
Zoning
None
Amenities
- Fenced Lot
- Signage
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1397240010001 | Improvements Assessment | $2,850,783 |
| Land Assessment | $568,248 | Total Assessment | $3,419,031 |
Property Taxes
Parcel Number
1397240010001
Land Assessment
$568,248
Improvements Assessment
$2,850,783
Total Assessment
$3,419,031
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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The Learning Experience | 16216 Moonrock Dr
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