Closed $550,000 Asking Price - All Retail Properties, Single Tenant
The Little Rock Star Daycare facility consists of a 4,815 square foot brick single tenant building with breathtaking waterfront views in west Houston. The property is located in the vicinity of the Cullen Park and Bear Creek Pioneer Park areas. It was built in 1985 and renovated in 2014 and is situated on .91 acres.
The parking lot is concrete and blacktop with a circular drive for ease of ingress and egress. The sign fronts South Parkview Drive, east of Barker Cypress.
The property is located just north of Interstate 10, the main artery through Houston’s Energy Corridor. It is north of Interstate 10 on Barker Cypress and just west of Houston’s newest third outer loop, the Grand Parkway (Highway 99). The Little Rock Star Daycare is well suited to serve the 300 companies and more than 78,000 employees that fill the Energy Corridor daily. It is also ideally positioned to take advantage of the additional 10.7 million square feet of office space that is anticipated by 2030. That is in addition to the 19 million square feet of office space serving the area currently. Moreover, there are approximately 6,538 multifamily units in the submarket, balancing the daytime and nighttime population.
- CAP Rate: 7.90%