The Learning Experiece | 10102 FM 2920 Rd
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The Learning Experiece 10102 FM 2920 Rd
10,000 SF Industrial Building Tomball, TX 77375 £4,508,572 (£451/SF) 7% Net Initial Yield
Investment Highlights
- Brand New, 20-Year Lease | New 2024 Construction
- Dozens of Single Family and Townhome Developments in Progress Around the TLE
- A+ Location for TLE | Located in Affluent Houston Metropolitan Area| Average Household Income Exceeding $136,900 Within a Five-Mile Radius
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a The Learning
Experience located at 9930 Farm to Market 2920. The site consists of roughly
10,006 rentable square feet of building space on estimated 1.07-acre parcel of
land. This TLE is subject to a 20-year lease, which commences on April 30, 2024.
The current annual rent is $400,000 and is scheduled to increase by 10% every 5
years throughout the base term and in each of the 2, 5-year renewal options. The
corporate guarantee is structured at a maximum amount of $700,000 which
burns off by $140,000 each year from the start of the lease.
Experience located at 9930 Farm to Market 2920. The site consists of roughly
10,006 rentable square feet of building space on estimated 1.07-acre parcel of
land. This TLE is subject to a 20-year lease, which commences on April 30, 2024.
The current annual rent is $400,000 and is scheduled to increase by 10% every 5
years throughout the base term and in each of the 2, 5-year renewal options. The
corporate guarantee is structured at a maximum amount of $700,000 which
burns off by $140,000 each year from the start of the lease.
Property Facts
| Price | £4,508,572 | Building Class | C |
| Price Per SF | £451 | Lot Size | 1.07 AC |
| Sale Type | Investment | Rentable Building Area | 10,000 SF |
| Net Initial Yield | 7% | Number of Floors | 1 |
| Property Type | Industrial | Year Built | 2024 |
| Property Subtype | Warehouse | Tenancy | Single |
| Price | £4,508,572 |
| Price Per SF | £451 |
| Sale Type | Investment |
| Net Initial Yield | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.07 AC |
| Rentable Building Area | 10,000 SF |
| Number of Floors | 1 |
| Year Built | 2024 |
| Tenancy | Single |
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 0410260010516 | Improvements Assessment | £2,807,952 |
| Land Assessment | £520,030 | Total Assessment | £3,327,982 |
PROPERTY TAXES
Parcel Number
0410260010516
Land Assessment
£520,030
Improvements Assessment
£2,807,952
Total Assessment
£3,327,982
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Power Broker Glen Kunofsky -
Anthony D'Ambrosia -
Josh Kanter -
Ryan Mastroianni -
NNN Pro Group
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The Learning Experiece | 10102 FM 2920 Rd
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