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2080 Longmire Dr - Lake Conroe Christian Academy 12,955 SF Specialty Building Offered at $2,137,575 at a 7.86% Cap Rate in Conroe, TX 77304



INVESTMENT HIGHLIGHTS
- Single-Tenant Net Lease Investment (STNL)
- Stable Occupancy with Upside
- Attractive Yield
- Specialized Use with Value Play
- Growing Market
EXECUTIVE SUMMARY
Hutson Realty Partners is pleased to present the opportunity to acquire a single-tenant, net-leased investment (STNL) property in the fast-growing Conroe submarket of Montgomery County, Texas. The property is 100% occupied by Lake Conroe Christian Academy (LCCA), a locally operated early childhood learning center serving 220 enrolled students. The tenant currently occupies the property on month-to-month terms, providing an investor with the ability to negotiate a new lease terms/structure at closing and secure a stabilized income stream. Current rental income is $168,000 annually, NNN, with the tenant covering all operating expenses. The facility is well-suited for continued educational or institutional use, but also adaptable to other specialty users.
PROPERTY FACTS
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 0256-00-02547 | Improvements Assessment | $3,776,920 |
| Land Assessment | $942,200 | Total Assessment | $4,719,120 |
PROPERTY TAXES
Parcel Number
0256-00-02547
Land Assessment
$942,200
Improvements Assessment
$3,776,920
Total Assessment
$4,719,120
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2080 Longmire Dr - Lake Conroe Christian Academy
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