Single Tenant Commercial RE Investment in Montgomery Co TX
161
Single Tenant Commercial RE Investment in Montgomery Co TX
Montgomery, Texas
$ 3,125,000

This is a commercial real estate investment opportunity offered at a 6.0% cap rate. Current tenant just renewed for an additional 10 years, NNN, with 3 year escalations. Lease expires April, 2034. Located in The Woodlands / Spring area, in Montgomery County, south Texas, this +- 1.5 acre property has a purpose built 7,930 SF commercial school, with 9,240 gross building area. Current real property owners also ran the educational business from 2014-2019, when they sold it to a third party, and leased the building to them. After the five year initial lease, they recently extended for an additional 10 years. This is an excellent opportunity for a commercial real estate investor to acquire real estate with an existing successfully operating tenant. Excellent location in a growing area in south Texas. Contact broker for showing.

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Property Types

Listing Details

Single Tenant Commercial RE Investment in Montgomery Co TX
Price:
$ 3,125,000

Location:

Montgomery, Texas
Down Payment:
$ 3125000
Down Payment: $ 312500
Sales:
$ 187800
Sellers Discretionary Earnings:
$ 187800
Rent:
$ 15650
Reason for Selling:
NA

Disclaimer: The numbers are current estimates and are subject to change.

Business Description

This is a commercial real estate investment opportunity offered at a 6.0% cap rate. Current tenant just renewed for an additional 10 years, NNN, with 3 year escalations. Lease expires April, 2034. Located in The Woodlands / Spring area, in Montgomery County, south Texas, this +- 1.5 acre property has a purpose built 7,930 SF commercial school, with 9,240 gross building area. Current real property owners also ran the educational business from 2014-2019, when they sold it to a third party, and leased the building to them. After the five year initial lease, they recently extended for an additional 10 years. This is an excellent opportunity for a commercial real estate investor to acquire real estate with an existing successfully operating tenant. Excellent location in a growing area in south Texas. Contact broker for showing.

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