For Sale
$3,082,000 | 7.00% Cap
5030 East Admiral Place, Tulsa, OK 74115
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Broker of Record: | N/A |
Investment Highlights
High-Visibility Corridor
The subject property is situated near the intersection of Interstate 10 (82,800 VPD) and State Highway 146 (33,700 VPD), two major transportation arteries connecting Baytown and the greater Houston area. With exposure to substantial daily traffic, both tenants benefit from consistent visibility and ease of access for customers throughout the region.
Dual-Sector Diversification
The two-tenant property features a strategic pairing of Action Behavior Centers and Simple Simon's Pizza, combining the recession-resistant nature of specialized healthcare services with the steady cash flow of quick-service dining.
Rent Escalations
The Action Behavior Centers lease provides for 3.00% annual rent escalations throughout the remainder of the lease term, while the Simple Simon's Pizza lease includes a $0.50/PSF rent increase occurring in May of 2026.
High-Income Consumer Base
Residents earned a median household income of $111,609 within a 1-mile radius of the subject property—38% higher than the national average of $80,610.
Established National Operators
The property features two national tenants with significant operational scale. Action Behavior Centers operates as one of the largest providers of Applied Behavior Analysis (ABA) therapy nationwide with more than 350 clinic, home, and school programs across multiple states, while Simple Simon's Pizza has grown from humble beginnings to 200 locations across ten states.
Non-Income Tax State
Serving as a major benefit to the landlord, nine states: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming — levy no state income tax.
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| 100% Occupied | Two-Tenant Facility | 7,153 Square Feet |
5.4 Years (WALT) | $215,757 |
Investment Overview
Peranich Huffman Net Lease Group is privileged to exclusively present for sale, a 100% occupied, two-tenant asset located in Baytown, TX. Action Behavior Centers, the largest and leading provider of Applied Behavior Analysis (ABA) therapy in the U.S., occupies 83% of the property. While Simple Simon's Pizza, an established QSR franchise for 40+ years with 200+ locations, occupies the remaining 17%. Built in 2021 on a 0.83-acre site along Highway 146, the 7,153 square-foot property benefits from excellent visibility with daily traffic counts exceeding 33,000 vehicles. The subject property is less than a mile away from a newly constructed 146-acre commercial development located at the intersection of I-10 and Highway 146. The retail center, now known as Chambers Town Center, has enhanced the area's commercial landscape with national retailers including a Walmart Supercenter, ShowBiz Cinema & IMAX, Ross, and more. The surrounding area is experiencing significant growth, with the Chambers Town Center drawing over 300,000 monthly visitors and the nearby 550,000 square-foot San Jacinto Marketplace shopping center development announcing Sam's Club as its first major anchor with construction beginning in late 2025. This commercial corridor is further enhanced by TxDOT's planned improvements for lane expansions along Highway 146 to support the increased demand.
Available at a 7.00% capitalization rate, the two-tenant offering provides for diversification through Action Behavior Centers and Simple Simon's Pizza in Baytown, TX — balancing the stability of essential healthcare with the consistent consumer demand of QSR.
Lease Terms
Action Behavior Centers (ABC) has 5.4 years of lease term remaining following the February 2024 commencement of a 7-year lease on 5,953 square feet. The lease provides for 3.00% annual increases and (2) 5-year renewal options. Renewal term rent (cannot decrease) is equal to the lesser of Fair Market Value (FMV) or 110% of the prior year's rent rate. ABC reserves the right to exercise a one-time termination option effective as of 02/23/2029.
Simple Simon's Pizza has 3.0 years of lease term remaining following the March 2022 commencement of a 6-year lease on 1,200 square feet. The lease provides for a increase of $0.50/PSF in 2026 and (1) 5-year option at FMV.