Children's Lighthouse Learning_Property for Sale
Children's Lighthouse Learning_Property for Sale
5585 Creekside Forest Drive, The Woodlands, TX, 77389, US

Children's Lighthouse Learning

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single tenant Children’s Lighthouse located at 5585 Creekside Forest Dr, The Woodlands, TX  (“Property” or “Asset”).


The Asset is 100% leased to Children’s Lighthouse (“Tenant”) on a ground lease with zero landlord responsibilities, approximately 7.8 years remaining of primary lease term, and two, five-year renewal options with 10.0% rent escalations every 5 years. The $8.24 PSF rent the Tenant is paying is far below market rent for The Woodlands retail market, with market asking rent averaging $23.60.


Children’s Lighthouse is a leading franchise of early childhood education centers that average $1.9M in annual revenue at their mature facilities. They have never had a franchisee default on their SBA loan. This facility is perfectly located to capture the growing, and highly affluent surrounding population.


The Asset sits in The Woodlands master-planned development, which continues to thrive, with 110% population growth since 2010 in a 1-mile radius surrounding the asset. The area features impressive household income, averaging $139K 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 Woodlands is home to The Woodlands Mall, located 3.5 miles from the Asset, a top performing shopping center ranked in the top 1% by visits nationwide (Placer.ai), with 8.8 million visits annually. The master-planned community also includes 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.


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

...

Attributes

Asking price
SEK 17,063,000
Cap rate
7%
NOI
SEK 1,195,000
WAULT
7.8 years
Building area net
1,119 m²

Media

Investment Highlights

  • The Tenant is paying a significantly lower rent of $8.24 PSF, which is well below the market average of $23.60 for The Woodlands retail market
  • Located in The Woodlands with 110% population growth since 2010 in a 1-mile radius
  • Impressive household income averaging $139K in a 1-mile radius
  • Ground lease with 7.8 years remaining and 10% rent bumps every 5 years
  • Ranked 3rd Best City to Live In and 1st Best City to Buy a House by Niche in 2023
  • Nearby The Woodlands Mall with 8.8 million yearly visits, top 1% of shopping centers nationwide
  • Children's Lighthouse is a leading franchise of early childhood education centers with mature facilities averaging $1.9M in annual revenue
Children's Lighthouse Learning 4_Property for Sale
Children's Lighthouse Learning 4_Property for Sale

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Last updated
12 Jun 2024