Stellar Bank - The Woodlands_Actifs en vente
Stellar Bank - The Woodlands_Actifs en vente
1900 Research Forest Dr, Spring, TX, 77381-4564, US

Stellar Bank - The Woodlands

Description de l'actif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single tenant Stellar Bank located at 1900 Research Forest Dr, The Woodlands, TX (“Property” or “Asset”).


The Asset is 100% leased to Stellar Bank (“Tenant”) on a ground lease with zero landlord responsibilities, approximately 20.7 years remaining of primary lease term, and 4 x 5-Year & 2 x 10-year renewal options with 10.0% rent escalations every 5 years. Stellar Bank is one of the most prominent regional banks in Texas with 55 locations across the state. The Tenant is rated BBB by KBRA and generates over $452M of revenue annually.


The Asset sits in The Woodlands master-planned development, which continues to thrive, with 78% population growth since 2010 in a 1-mile radius surrounding the asset. The area features impressive household income, averaging $189K in a 1-mile radius. Individuals and families continue to flock to the area, which was ranked the 3rd Best City to Live In and the 1st Best City to Buy a House by Niche in 2023.


The Asset sits nearby The Woodlands Mall, a top performing shopping center ranked in the top 1% by visits nationwide (Placer.ai), with 8.8 million visits annually. The site is also adjacent to four premier full-service acute care hospitals with more than 1,100 total inpatient beds operated by the market's leading health systems, making it a significant healthcare hub in the rapidly developing North Houston region.


The Property is located in a major retail corridor with national tenants including Target, Lifetime Fitness, Home Depot, and Academy Sports + Outdoor, among others. The corridor is served by Research Forest Dr, driving 30K VPD past the asset, and connecting it to I-45 and the surrounding Houston MSA.


This unique opportunity allows investors the ability to acquire a leading tenant in The Woodlands, a fast-growing, highly affluent market, and in-demand market with zero landlord responsibilities.

...

Caractéristiques de l'actif

Prix attendu
2 926 000 €
Taux de capitalisation
5,75 %
Revenu net
169 000 €
WALT
20.7 années
Taille du terrain Brut
0,93 hectare
Surface de l'actif brut
559 m²

Média

Points clés d'investissement

  • Ground lease with 20.7 years remaining, rent bumps every 5 years, and no LL responsibilities
  • Add - upcoming 10% rent bump in February 2025
  • Add - bank has $100M in deposits per the FDIC (confirm this)
  • Large 2.3 AC site with visibility to 30K cars per day
  • Major retail and medical corridor with leading national tenants and a Memorial Hermann hospital
  • Located in The Woodlands with 78% population growth since 2010 in a 1-mile radius
  • Impressive household income averaging $159K in a 1-mile radius
Stellar Bank - The Woodlands 4_Actifs en vente
Stellar Bank - The Woodlands 4_Actifs en vente

Contacter l'équipe

Stellar Bank - The Woodlands (0 actifs)
Vous avez des questions ? Consultez notre page FAQ
Voir la page FAQArrow Right
JLL peut vous accompagner dans le financement et la gestion de votre portefeuille. Contactez-nous pour découvrir comment nous pouvons vous aider.
Dernière mise à jour
12 juin 2024