Off Market
Houston, TX - The Academy of Young Scholars Daycare
2526 Walnut Bend Lane | Houston, TX 77042
Description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, personally guaranteed, Academy of Young Scholars Daycare investment property located in Houston, Texas. The tenant, Immobiliarie Properties, LLC has 8+ years remaining on the primary lease term with 2 (5-year) options to extend. The lease features 3% annual increases in the initial term and throughout the option periods, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor in an income tax free state. The operators of this Academy of Young Scholars Daycare have over 20 years of experience with daycare ownership and early development of children up to age 12, and successfully operated and sold their previous childcare company.
Location
The Academy of Young Scholars Daycare is strategically located near the signalized, hard corner intersection of State Highway 8 and Westheimer Road which supports over 213,000 vehicles per day. The site also benefits from nearby on/off ramp access to Westpark Tollway (50,300 VPD), making this an ideal centralized location with easy commutes. Furthermore, the asset is adjacent to Westchase Shopping Center, a 333,000 square foot power center that’s home to Target, Whole Foods, Ross Dress for Less, Petco, and more. Other nearby national/credit tenants include Walmart Supercenter, Lowes, H-E-B, Sprouts, Trader Joe’s, Kohl’s, 24 Hour Fitness, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. Moreover, the site is ideally positioned between Sneed Elementary (949 students), Outley Elementary (962 students), and Walnut Bend Elementary (796 students), providing parents with an easy one-stop-drop-off location for all their children’s educational needs. Lastly, the asset is within close proximity of multiple apartment complexes including 2151 Kirkwood (408 units), The Abbey at Briar Forest (680 units), Gracie Square (222 units), and more, providing a direct residential consumer base from which to draw. The dense 5-mile trade is supported by more than 538,000 residents and 289,000 daytime employees. Residents within a 3-mile radius boast an affluent average household income of more than $83,000.