3321 Peek RdKaty, TX 77449
- Specialty properties
- 14,629 SF
Property Details for 3321 Peek Rd
- Year built
- 2024
- Lot size
- 1.92 AC
- Property size (Sq ft)
- 14,629 SF
- Property type
- Specialty properties
- Property subtype
- Schools
Description
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.
Location Insight
- City
- Katy
- County
- Harris
- State
- Texas
- Latitude
- 29.8217
- Longitude
- -95.7729
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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