5009 Caroline St | Houston, TX 77004
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- LoopNet Team
5009 Caroline St
Houston, TX 77004
The Learning Experience · Office Property For Sale
INVESTMENT HIGHLIGHTS
- The brand new 15-year Absolute NNN lease will commence in September 2024, allowing investors the opportunity to capitalize on the entire lease term.
- Located in the Museum District, which attracts over 8.7M visitors annually, and is long-considered one of the most sought-after districts in Houston.
- Located 3 minutes from the Property, the Ion District will become Houston’s mixed-use destination, comprising 12 blocks upon completion.
- Featuring rare 3% annual rent increases, (2) 5-year options, and zero LL responsibilities, the Property provides a long-term, passive investment.
- Irreplaceable Urban Infill Location | High Barriers to Entry | Tucked Away in the Middle of Everything
- The Learning Experience is a recognized leader in the daycare and early education industry with 600+ centers and 22% revenue growth over last 5 years.
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
17,399 SF
Building Class
C
Year Built/Renovated
1965/2024
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
8,700 SF
Building FAR
0.51
Lot Size
0.78 AC
Zoning
None
Parking
48 Spaces (2.76 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
PROPERTY TAXES
| Parcel Number | 0332510020005 | Improvements Assessment | $507,933 |
| Land Assessment | $2,724,000 | Total Assessment | $3,231,933 |
PROPERTY TAXES
Parcel Number
0332510020005
Land Assessment
$2,724,000
Improvements Assessment
$507,933
Total Assessment
$3,231,933
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