5009 Caroline StHouston, TX 77004
High-growth daycare, 15-year lease, strong NOI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- Absolute NNN lease, 15 years, starting September 2024, with 3% annual rent increases and two 5-year options.
- Investment-grade tenant, The Learning Experience, a leading daycare provider with significant growth and a large franchisee operator.
- Prime Museum District location, near the Medical Center and Rice University, in a highly sought-after area.
- Irreplaceable urban infill location with high barriers to entry due to limited inventory and strong demand.
- Proximity to the Ion District, a developing mixed-use innovation hub.
Property Details for 5009 Caroline St
- Property type
- Day care centers & nurseries, Other retail properties
- Square Feet
- 17,399 SF
- Year Built/Renovated
- 1965/2024
- Lot Size (sq. ft)
- 33,977 SF
Location Insight
- City
- Houston
- County
- Harris
- State
- Texas
- Latitude
- 29.727512
- Longitude
- -95.3839352
Nearby Similar for Sale
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