11910-11920 Walters Rd Houston, TX 77067
- Day care centers
- 24,784 SF
- 1.82 lot acres
Current Use by Public Records
- Day care centers
Property Details for 11910-11920 Walters Rd
- Lot size
- 1.82 lot acres
- Property size
- 24,784 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a two-building, single-tenant daycare center in Houston, Texas. The property, located at 11910-11920 Walters Rd, encompasses 24,784 square feet on a 1.82-acre lot. The property features a Net Lease (NNN) structure with an 8.53% cap rate and a strong NOI of $418,199. The asking price is $4,900,000. The single tenant has a proven track record, boasting 47 years in business and multiple Houston locations. They've occupied the 11920 building for 11 years and expanded into the adjacent 11910 building in 2020. Both buildings are in excellent condition, with the tenant recently investing approximately $100,000 in interior renovations to the 11920 building. The lease has a remaining term of 5 years with annual rent bumps tied to the CPI increase, ensuring consistent income growth. This is a rare opportunity to acquire a stable, high-performing daycare center investment with a long-term tenant and significant upside potential. The property is 100% occupied. The buildings are both single-story structures. This is a turnkey investment perfect for a passive income portfolio.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4644
- Latitude
- 29.9575
