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Child Care

AVANCE Learning Center | Federally Funded by U.S. Department of Health & Human Services | Houston

2702 Aldine Westfield Road, Houston, TX 77093

Listing Price: $3,132,171

Cap Rate
7.00%
Tenant Name
AVANCE
Years Remaining On Lease
8.7
Gross SF
25,500
Guarantor
Corporate Guarantee
Rentable SF
25,500
Price/Gross SF
$122.83
Lease Type
Double Net
Rent Per Square Feet
$8.60

Investment Overview

Houston is the most populous city in Texas and the fourth-most populous city in the United States, located in Southeast Texas near the Gulf of Mexico. The city is also the most diverse city in Texas and is home to many cultural institutions and exhibits, which attract more than 7 million visitors a year. Houston is recognized worldwide for its energy industry, particularly for oil and natural gas. Renewable energy sources, including wind and solar, are also growing economic bases in the city.

Investment Highlights

  • 14+ Year Historical Occupancy and Recent 12 Year Lease Extension Demonstrates a Strong Commitment to the Location.
  • Long Term Lease Featuring 2.5% Rental Increases Every 2.5 Years Throughout the Initial Term. Roof Re-coated in 2019 w/ 15 Year Roof Warranty.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility to Daily Traffic Counts Exceeding 18k Vehicles. Near Interstate-69 (173k+ VPD).
  • Federally Funded through The Head Start Program - Administered by the Children and Families (ACF) within the Department of Health and Human Services (HHS).
  • Situated in a Developing Submarket Populated by Tenant's Target Market - Excellent Child Care Location & Close Proximity to Local Schools.
  • Near Numerous National Retailers including CVS Pharmacy, Dollar General, Family Dollar and many more.
  • Densely Populated Area: Features more than 325k People Residing within a 5-Mile Radius and is Forecasted to Continue to Grow Steadily in the next coming Years.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Child Care

AVANCE Learning Center | Federally Funded by U.S. Department of Health & Human Services | Houston

Listing Price: $3,132,171

Cap Rate
7.00%
Tenant Name
AVANCE
Years Remaining On Lease
8.7
Gross SF
25,500
Guarantor
Corporate Guarantee
Rentable SF
25,500
Price/Gross SF
$122.83
Lease Type
Double Net
Rent Per Square Feet
$8.60

Investment Highlights

  • 14+ Year Historical Occupancy and Recent 12 Year Lease Extension Demonstrates a Strong Commitment to the Location.
  • Long Term Lease Featuring 2.5% Rental Increases Every 2.5 Years Throughout the Initial Term. Roof Re-coated in 2019 w/ 15 Year Roof Warranty.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility to Daily Traffic Counts Exceeding 18k Vehicles. Near Interstate-69 (173k+ VPD).
  • Federally Funded through The Head Start Program - Administered by the Children and Families (ACF) within the Department of Health and Human Services (HHS).
  • Situated in a Developing Submarket Populated by Tenant's Target Market - Excellent Child Care Location & Close Proximity to Local Schools.
  • Near Numerous National Retailers including CVS Pharmacy, Dollar General, Family Dollar and many more.
  • Densely Populated Area: Features more than 325k People Residing within a 5-Mile Radius and is Forecasted to Continue to Grow Steadily in the next coming Years.

Investment Overview

Houston is the most populous city in Texas and the fourth-most populous city in the United States, located in Southeast Texas near the Gulf of Mexico. The city is also the most diverse city in Texas and is home to many cultural institutions and exhibits, which attract more than 7 million visitors a year. Houston is recognized worldwide for its energy industry, particularly for oil and natural gas. Renewable energy sources, including wind and solar, are also growing economic bases in the city.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

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