9930 Farm To Market 2920 Tomball, TX 77375

Exceptional investment opportunity: a 10,000-square-foot daycare center in Tomball, Texas, boasting a 20-year net lease with The Learning Experience (TLE). This single-tenant property, built in 2014 and situated on a 1.07-acre lot at 9930 Farm to Market 2920, offers a strong 7.00% cap rate and a current annual net operating income (NOI) of $400,000. The lease commenced April 30, 2024, and extends to April 30, 2044, providing significant long-term stability. Rent increases by 10% every five years throughout the base term and two 5-year renewal options. The property benefits from a corporate guarantee structured to decrease annually. Located in a high-growth area of Harris County with an average household income exceeding $136,900 within a five-mile radius, this investment is ideally positioned to benefit from Tomball's expanding population and the strong performance of TLE, a nationally recognized early education program with over 350 locations. The asking price is $5,714,286, representing a price per square foot of $571.43. The property is currently 100% occupied.