Guidepost Montessori, Katy TX

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Available $6,075,000 - Retail - Single Tenant
Cap Rate:  6.83%Size:  11,077 SFTerm:  19.2 Years Print

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

Property Description

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

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