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2526 Walnut Bend
Houston, TX 77042
Academy of Young Scholars · Retail Property For Sale
Investment Highlights
- Proximity to Three Elementary Schools Totaling 2,700+ Students Nearby
Executive Summary
• 8+ Years Remaining on Primary Term with Two 5-Year Renewal Options
• 3% Annual Rent Increases Throughout Base Term and Options, NOI Growth Hedge
• NNN Lease Structure with Landlord Responsibilities Limited to Roof & Structure
• Personal Guaranty From Experienced Daycare Ownership Group
• Proximity to Three Elementary Schools Totaling 2,700+ Students Nearby
• Surrounded by Apartment Communities with 2,000+ Units within Immediate Area
• Dense Residential Trade Area with 538,000+ Residents within 5 Miles
• Adjacency to Westchase Power Center Anchored by Target, Whole Foods, Walmart, H-E-B
• 3% Annual Rent Increases Throughout Base Term and Options, NOI Growth Hedge
• NNN Lease Structure with Landlord Responsibilities Limited to Roof & Structure
• Personal Guaranty From Experienced Daycare Ownership Group
• Proximity to Three Elementary Schools Totaling 2,700+ Students Nearby
• Surrounded by Apartment Communities with 2,000+ Units within Immediate Area
• Dense Residential Trade Area with 538,000+ Residents within 5 Miles
• Adjacency to Westchase Power Center Anchored by Target, Whole Foods, Walmart, H-E-B
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
7,520 SF
Building Class
B
Year Built/Renovated
1964/2023
Price
$2,555,000
Price Per SF
$339.76
Cap Rate
7.49%
NOI
$191,470
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.51 AC
Zoning
Commercial
Parking
10 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
171’ on Walnut Bend Ln
Amenities
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 0451380010012 | Improvements Assessment | $549,879 |
| Land Assessment | $335,640 | Total Assessment | $885,519 |
Property Taxes
Parcel Number
0451380010012
Land Assessment
$335,640
Improvements Assessment
$549,879
Total Assessment
$885,519
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