Child Care

BlueSprig Pediatric Center | The Woodlands, TX | One of Largest Autism Service Providers in the U.S.

Listing Price: $3,071,000

Cap Rate
7.75%
Tenant Name
BlueSprig
Years Remaining On Lease
6.90
Gross SF
8,500
Guarantor
Corporate Guarantee
Rentable SF
8,500
Price/Gross SF
$361.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.00

Investment Overview

Spring is within the extraterritorial jurisdiction of Houston in Harris County, Texas. It is part of the Houston–The Woodlands–SugarLand metropolitan area. The City is experiencing a major real estate boom with notable commercial developments such as ExxonMobil Houston Campus, Grand Parkway Spring Marketplace, Grand Parkway SH-99 New Toll Road, and More. Spring is strategically situated just south of one of the region’s largest employment centers and most prosperous suburbs, The Woodlands. The Woodlands’ economic base is well diversified with over 4,000 employers, including Anadarko Petroleum Corporation, Aon Hewitt, CB&I, Chevron Phillips Chemical Company, CHI St. Luke’s Health – The Woodlands Hospital, ExxonMobil, Huntsman Corporation, McKesson Specialty Health, Memorial Hermann The Woodlands Hospital, and Repsol USA.

Investment Highlights

  • NNN Lease Featuring 10% Rental Increases Every 5 Years Throughout Initial Term and Options. 2020 Renovation for One Building and Brand New Construction for the Second.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Visibility. Situated Near Interstate-45 (230k+ VPD).
  • BlueSprig's Parent Company, KKR, is a Leading Investment Firm with Approximately $207 Billion in Assets Under Management and more than 103 Companies under their Portfolio.
  • Densely Populated and Affluent Area: Features an Average Household Income of $122k+ and more than 172k People Residing within a 5-Mile Radius.
  • Minutes from Memorial Hermann The Woodlands Medical Center - A 397-Bed, Full-Service, Comprehensive Acute Care Facility w/ 1,300+ Affiliated Physicians Representing more than 90 Medical Specialties.
  • Just South of The Woodlands: The Most Prosperous Suburb of Houston and the Region's Largest Employment Center.
  • Near Numerous National Retailers including Walmart Supercenter, H-E-B, Hobby Lobby, CVS Pharmacy, Big Lots, Walgreens, and many more.
  • Situated in a Developing Submarket Populated by Tenant's Target Market - Excellent Child Care Location & Close Proximity to many Local Schools.

Exclusively Listed By

Child Care

BlueSprig Pediatric Center | The Woodlands, TX | One of Largest Autism Service Providers in the U.S.

Listing Price: $3,071,000

Cap Rate
7.75%
Tenant Name
BlueSprig
Years Remaining On Lease
6.90
Gross SF
8,500
Guarantor
Corporate Guarantee
Rentable SF
8,500
Price/Gross SF
$361.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.00

Investment Highlights

  • NNN Lease Featuring 10% Rental Increases Every 5 Years Throughout Initial Term and Options. 2020 Renovation for One Building and Brand New Construction for the Second.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Visibility. Situated Near Interstate-45 (230k+ VPD).
  • BlueSprig's Parent Company, KKR, is a Leading Investment Firm with Approximately $207 Billion in Assets Under Management and more than 103 Companies under their Portfolio.
  • Densely Populated and Affluent Area: Features an Average Household Income of $122k+ and more than 172k People Residing within a 5-Mile Radius.
  • Minutes from Memorial Hermann The Woodlands Medical Center - A 397-Bed, Full-Service, Comprehensive Acute Care Facility w/ 1,300+ Affiliated Physicians Representing more than 90 Medical Specialties.
  • Just South of The Woodlands: The Most Prosperous Suburb of Houston and the Region's Largest Employment Center.
  • Near Numerous National Retailers including Walmart Supercenter, H-E-B, Hobby Lobby, CVS Pharmacy, Big Lots, Walgreens, and many more.
  • Situated in a Developing Submarket Populated by Tenant's Target Market - Excellent Child Care Location & Close Proximity to many Local Schools.

Investment Overview

Spring is within the extraterritorial jurisdiction of Houston in Harris County, Texas. It is part of the Houston–The Woodlands–SugarLand metropolitan area. The City is experiencing a major real estate boom with notable commercial developments such as ExxonMobil Houston Campus, Grand Parkway Spring Marketplace, Grand Parkway SH-99 New Toll Road, and More. Spring is strategically situated just south of one of the region’s largest employment centers and most prosperous suburbs, The Woodlands. The Woodlands’ economic base is well diversified with over 4,000 employers, including Anadarko Petroleum Corporation, Aon Hewitt, CB&I, Chevron Phillips Chemical Company, CHI St. Luke’s Health – The Woodlands Hospital, ExxonMobil, Huntsman Corporation, McKesson Specialty Health, Memorial Hermann The Woodlands Hospital, and Repsol USA.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower