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3321 Peek Rd - Lightbridge Academy
14,629 SF Specialty Building Offered at $6,132,000 at a 7% Cap Rate in Katy, TX 77449
Investment Highlights
- This subject investment property is a brand-new Lightbridge Academy and will be sold during construction with a slated completion date in late 2024.
- The investment property is subject to an Absolute Triple Net (NNN) Lease with zero landlord responsibilities.
- The subject investment property will have a brand new 20-year Absolute Triple Net (NNN) Lease commencing on the close of escrow.
- The subject property site has received the necessary municipality approvals to build an early education facility.
- Corporate Guarantee from New Jule Holdings for the full term of the lease.
- Lightbridge Academy has been successfully operating for over 27 years with over 150 locations across 10 different states.
Executive Summary
NNN Pro is pleased to present the exclusive listing for a
Lightbridge Academy located at 3321 Peek Road, Katy, TX
77449. The site consists of roughly 14,629 rentable square feet of
building space on an estimated 1.92-acre parcel of land. This
Lightbridge Academy is subject to a 20 Years-year Triple Net
(NNN) lease which will commence upon close of escrow. The
annual rent will be $429,240 and has scheduled increases of
2.00% Annually.
Lightbridge Academy located at 3321 Peek Road, Katy, TX
77449. The site consists of roughly 14,629 rentable square feet of
building space on an estimated 1.92-acre parcel of land. This
Lightbridge Academy is subject to a 20 Years-year Triple Net
(NNN) lease which will commence upon close of escrow. The
annual rent will be $429,240 and has scheduled increases of
2.00% Annually.
Property Facts
| Price | $6,132,000 | Building Class | B |
| Price Per SF | $419 | Lot Size | 1.92 AC |
| Sale Type | Investment | Building Size | 14,629 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Property Subtype | Schools |
| Price | $6,132,000 |
| Price Per SF | $419 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 1.92 AC |
| Building Size | 14,629 SF |
| No. Stories | 1 |
| Year Built | 2024 |
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Power Broker Glen Kunofsky -
Edward Otocka -
Amelia Haydock -
Francis Purritano -
NNN Pro Group
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3321 Peek Rd - Lightbridge Academy
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