For Sale
$6,132,000

3321 Peek RdKaty, TX 77449

High-yield, NNN-leased childcare center.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity: a brand-new, 14,629-square-foot Lightbridge Academy in Katy, Texas. This single-tenant property sits on a 1.92-acre lot and boasts a 20-year NNN lease with a corporate guarantee from New Jule Holdings, ensuring minimal landlord responsibilities. The lease commenced upon closing and features a strong annual rent of $429,240, with built-in 2% annual increases. The property offers a compelling 7.00% cap rate and 100% occupancy. Built in 2024, this facility benefits from pre-existing site approvals and is part of a well-established, growing childcare brand with over 150 locations nationwide. The lease includes four five-year renewal options, extending the potential lease term to 40 years. This represents a secure, long-term investment in a resilient sector of the economy. Located at 3321 Peek Rd, Katy, TX 77449, this property is ideally situated within a thriving community. The property's strong financial performance, coupled with the long-term lease and corporate guarantee, makes it an attractive investment for discerning buyers. The property is currently 100% occupied.

Highlights

  • Brand-new Lightbridge Academy, slated for completion in late 2024, offered for sale during construction.
  • All necessary municipal approvals obtained for early education facility construction.
  • Absolute Triple Net (NNN) lease with no landlord responsibilities.
  • Corporate guarantee from New Jule Holdings for the full lease term.
  • 20-year Absolute Triple Net (NNN) lease with four 5-year renewal options, totaling a potential 40-year lease term.
  • Lightbridge Academy, a 27-year-old established brand with over 150 locations, operates within the $50 billion early childhood education industry, projected to grow 1.7% annually.

Property Details for 3321 Peek Rd

Property type
Specialty properties, Schools
Square Feet
14,629 SF
Year Built
2024
Lot Size (sq. ft)
83,635 SF

Location Insight

City
Katy
County
Harris
State
Texas
Latitude
29.8216866
Longitude
-95.7729158
3321 Peek Rd, Katy, Texas

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3321 Peek Rd
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