The Learning Experiece
10,000 SF | Industrial Building | Tomball, TX 77375 | $6,153,846 ($615/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,153,846
- Property Type
-
Industrial
- Price / Square Foot
- $615
Listing Contacts
Glen Kunofsky
Verified Profile
Anthony D'Ambrosia
Verified Profile
Josh Kanter
Verified Profile
- Property Info
Property Overview
NNN Pro Group is pleased to present the exclusive listing for a The Learning
Experience located at 9930 Farm to Market 2920. The site consists of roughly
10,006 rentable square feet of building space on estimated 1.07-acre parcel of
land. This TLE is subject to a 20-year lease, which commences on April 30, 2024.
The current annual rent is $400,000 and is scheduled to increase by 10% every 5
years throughout the base term and in each of the 2, 5-year renewal options. The
corporate guarantee is structured at a maximum amount of $700,000 which
burns off by $140,000 each year from the start of the lease.
Experience located at 9930 Farm to Market 2920. The site consists of roughly
10,006 rentable square feet of building space on estimated 1.07-acre parcel of
land. This TLE is subject to a 20-year lease, which commences on April 30, 2024.
The current annual rent is $400,000 and is scheduled to increase by 10% every 5
years throughout the base term and in each of the 2, 5-year renewal options. The
corporate guarantee is structured at a maximum amount of $700,000 which
burns off by $140,000 each year from the start of the lease.
Property Details
- Class
- C
- Year Built
- 2014
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 46,609 SF
Highlights
- ? Brand New, 20-Year Lease | New 2024 Construction
- ? A+ Location for TLE | Located in Affluent Houston Metropolitan Area| Average Household Income Exceeding $136,900 Within a Five-Mile Radius
- ? Dozens of Single Family and Townhome Developments in Progress Around the TLE
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