For Sale
$4,900,000

11910-11920 Walters RdHouston, TX 77067

Profitable NNN Lease, 2 Buildings

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • Long-term tenant with strong history.
  • Tenant occupies both buildings, expanding in 2020.
  • Established multi-location Houston business.
  • 47-year operating history.
  • Excellent building condition; recent $100,000 tenant improvements.

Property Details for 11910-11920 Walters Rd

Property type
Day care centers & nurseries, Retail properties
Square Feet
24,784 SF
Buildings
2
Stories
1
Lot Size (sq. ft)
79,279 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.957549
Longitude
-95.4644296
11910-11920 Walters Rd, Houston, Texas

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11910-11920 Walters Rd
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