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Views: 31 DOM: 92 Updated: 11.11.24 Posted: 08.14.24 Status: Active

Summary

Price $6,957,864
Built/Renov 2008/2022
Tenant Fractal Education | Children's Safari
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 13,469
Lease Start 12-01-2024
#Units 9
Price/SF $516.58
Expiration 11-30-2039
Tenant Type Daycare/Education
NOI $452,260
R. Term 15.0
Ownership Fee Simple
Rent/SF $33.58
Increases 3.0%/1/yrs
Pop 5Mi 130,183
Lot/AC 2.01
Options 2/5yrs/3%
AHHI 5Mi $91,606

Lease Highlights

  • Brand-new 15-year lease with 2 (5-year) options to extend at the close of escrow
  • The lease features 3% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Fractal Education Children's Safari is strategically located on Mathis Road, with access to 14,549 vehicles passing by daily. The property is ideally situated within a 5-mile radius of 17 elementary feeder schools. The immediate area features well-known national tenants, including AutoZone, Amazon, The Home Depot, O'Reilly Auto Parts, McDonald’s, and more. Additionally, it is a 10-minute drive...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Fractal Education
  • Guarantor:Corporate
  • Company:Fractal Education Group
  • # Units:9
  • Stock:Private

About Tenant

Children's Safari Private School is a private early childhood education institution that offers a Christian-based curriculum designed to foster character building, academic excellence, and...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,136 41,311 146,767
2024 Total Population : 6,335 32,273 127,140
2024 Employed Civilian Pop : 3,645 17,994 65,354
2024 Total Businesses : 58 361 2,269
2024 Average Household Income : $ 114,584 $ 109,318 $ 97,410
2024 Total Consumer Spending : $ 190 M $ 937 M $ 3386 M
2024 Median Age : 33 34 33
2024 Total Households : 1,877 9,695 39,141
2024 Pop Age 25+: Bachelor's Degree : 580 3,305 11,688
2024 Average Home Value : $ 336,829 $ 331,523 $ 328,811
*ESRI data is presented for informational purposes only

Listing Broker

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