The Learning Experiece 10102 FM 2920 Rd 10,000 SF Industrial Building Tomball, TX 77375 $5,714,286 ($571.43/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New, 20-Year Lease | New 2024 Construction
- Dozens of Single Family and Townhome Developments in Progress Around the TLE
- A+ Location for TLE | Located in Affluent Houston Metropolitan Area| Average Household Income Exceeding $136,900 Within a Five-Mile Radius
EXECUTIVE SUMMARY
NNN Pro Group is pleased to present the exclusive listing for a The Learning Experience located at 9930 Farm to Market 2920. The site consists of roughly 10,006 rentable square feet of building space on estimated 1.07-acre parcel of land. This TLE is subject to a 20-year lease, which commences on April 30, 2024. The current annual rent is $400,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 2, 5-year renewal options. The corporate guarantee is structured at a maximum amount of $700,000 which burns off by $140,000 each year from the start of the lease.
PROPERTY FACTS
| Price | $5,714,286 |
| Price Per SF | $571.43 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.07 AC |
| Rentable Building Area | 10,000 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Tenancy | Single |
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 0410260010516 | Improvements Assessment | $3,558,875 |
| Land Assessment | $659,100 | Total Assessment | $4,217,975 |
CONTACT
-
Brian Brockman -
Bang Realty