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24800 Pitkin Rd, Spring, TX, 77386

Action Behavior Centers

$2,258,843

Key Information

Cap Rate
7.35%
Tot. SF
6,016
Lot Size
1 Acres
Year Built
1999 / 2022 (R)
Term Remaining
± 6.3 Years
Type
Healthcare
Occupancy
100%
NOI
$166,013

Highlights

• Below-Market Rent In Place – The tenant’s current rental rate is below comparable Action Behavior Center properties, providing a competitive occupancy cost that supports long-term tenant retention, increases the likelihood of renewal, and offers meaningful downside protection for a future landlord.
• 2022 Clinical Renovation – The property was renovated in 2022 for the tenant’s purpose-built clinical use, including specialized therapy rooms, sensory areas, and clinical infrastructure delivered ahead of rent commencement in August 2022.
• E-Commerce Resistant Tenant – Healthcare operators aren’t prone to the same competition that many retail tenants face. Healthcare properties are highly sought-after investments for their insulation from e-commerce competition and resistance to economic downturns.
• Annual Rental Increases – The site features a 2.50% rental increase in each year of the base term that serves as inflation protection through the growth of cash flow over the life of the lease.
• Demographics Built for the Use – Spring is a stable, family-oriented market, with a 74.7% homeownership rate and households spending an average of $2,398 a year on education and daycare within three miles. Thirteen child care operators sit within that same radius, giving a center-based ABA clinic the referral network it depends on.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204