Available $6,075,000 - Retail - Single Tenant
Investment Offering & Highlights
- 20 year corporate lease with 2% annual rental increases
- Company had record weekly enrollments in August
- Leased to largest Montessori school operator in the U.S.
- Across the street from large mass-transit commuter hub to Downtown Houston – 1.6 million annual metro riders
- High-income trade area – average HH income of $120,129
CAPITAL PACIFIC AND CUSHMAN WAKEFIELD are pleased to present the opportunity to acquire Guidepost Montessori in Katy, Texas, a premier single tenant investment in the affluent Houston MSA. The subject property is an existing school site, built in 2010, which has been renovated and improved by the current Landlord. The property is leased to Guidepost Montessori, the largest corporate Montessori school operator in the U.S.with 62 locations.
THE LEASE features a 20-year term with 2% rent increases annually.Additionally, the Tenant has two 5-year options to extend the lease at increased rents. The lease is guaranteed by Guidepost’s parent company, Higher Ground Education (HGE), a preeminent corporate school operator with significant financial backing and a market value over $100 Million.
THE SUBJECT PROPERTY is located in Katy, TX, an affluent suburb of Houston, the 5th largest metro area in the U.S. The school is ideally located across the street from the Kingsland Park and Ride Mass Transit hub, a large commuter hub that transports 1.6 million people annual to and from downtown Houston. The proximity of this station makes this an ideal school location, where parents can pick up and drop off their kids. The property is located just off Interstate 10 at Mason Road (41,000 VPD) and features hard corner visibility on Kingsland Blvd. The trade area boasts average household incomes over $120,000 within a 3-mile radius.
Please use the following link to access the full OM: https://www.crexi.com/properties/269106/texas-guidepost-montessori