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Northstar Preschool at BridgePoint - Pearland 12801 Broadway St 8,125 SF Retail Building Pearland, TX 77584 $3,766,423 ($463.56/SF) 6.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Northstar Preschool at BridgePoint is Part of Northstar Preschools, a PE-Backed Platform in Early Childhood Education, Operating 15 locations
- Long-Term 15 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities
- 11 Elementary Feeder Schools Within a 5 Mile Radius
- Pearland is Located 30 Minutes South of Houston and 45 Minutes From George Bush Intercontinental Airport (IAH)
- Average Household Income of $122,545 and a Population of 69,791 Residents Within a 5 Mile Radius
- Ongoing Residential Development in Southern Trails and Shadow Creek Ranch, Both Within 2 Miles of the Center, Will Have 8,300 Homes Once Completed
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,125 SF Northstar Preschool at BridgePoint Located at 12801 Broadway Street in Pearland, TX. This Deal Includes a Long-Term 15 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities, Offering Investors Stable, Passive Income Backed By a Reputable Early Childhood Education Operator.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
8,125 SF
Building Class
C
Year Built
2000
Price
$3,766,423
Price Per SF
$463.56
Cap Rate
6.85%
NOI
$258,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.28 AC
Parking
33 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
268’ on Broadway Street
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Northstar Preschool at BridgePoint
- Educational Services
- 8,125 SF
- $31.75
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Northstar Preschool at BridgePoint | Educational Services | 8,125 SF | $31.75 | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0305-0005-000 | Improvements Assessment | $2,157,370 |
| Land Assessment | $867,630 | Total Assessment | $3,025,000 |
PROPERTY TAXES
Parcel Number
0305-0005-000
Land Assessment
$867,630
Improvements Assessment
$2,157,370
Total Assessment
$3,025,000
CONTACTS
-
Seth Krepistman -
Jason May -
Adam Bridges -
Max Freedman -
Sands Investment Group Austin, LLC
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Northstar Preschool at BridgePoint - Pearland | 12801 Broadway St
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