Current Use by Public Records
- Day care centers
Property Details for 2911 Wood Riv Rd
- Year built
- 2019
- Lot size
- 0.53 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spring
- County
- Harris
- State
- Texas
- Longitude
- -95.3876
- Latitude
- 30.0474
