2911 Wood Riv RdSpring, TX 77373

For Sale
Call for price

NNN Leased Daycare, 7.86% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 4,560-square-foot, freestanding daycare center in Spring, Texas, located at 2911 Wood River Rd, 77373. The property, built in 2019, sits on a 0.53-acre lot and boasts a 100% occupancy rate with E & C Academy as the sole tenant under a Net Lease (NNN) agreement. The lease, expiring May 25, 2025, includes a remaining term of approximately six months and offers two five-year lease options. Rent increases are scheduled for January 1, 2024. The property benefits from a prime location with heavy daytime traffic, excellent visibility, and easy access to I-45 and the Hardy Toll Road, surrounded by numerous homes. The tenant consistently pays rent on the first of each month, covering all expenses including water, electricity, and trash removal. The investment is further strengthened by warranties on the air conditioning units and appliances, minimizing potential maintenance responsibilities. This presents a solid, low-maintenance investment opportunity in a rapidly growing area with strong demographics and high demand for childcare services. The building is a single-story structure with one unit. This is a rare opportunity to acquire a well-established, fully leased daycare center with a proven track record and significant upside potential.

Highlights

  • NNN lease with rent collected on the 1st of each month.
  • Tenant responsible for all utilities (water, electric, trash, etc.).
  • HVAC and appliance warranties in place.
  • Excellent investment opportunity.

Property Details for 2911 Wood Riv Rd

Property type
Day care centers & nurseries, Other retail properties
Square Feet
4,560 SF
Year Built
2019
Buildings
1
Stories
1
Lot Size (sq. ft)
23,087 SF
Units
1

Location Insight

City
Spring
County
Harris
State
Texas
Latitude
30.0473704
Longitude
-95.3876158
2911 Wood Riv Rd, Spring, Texas

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2911 Wood Riv Rd
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