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Views: 18 DOM: 33 Updated: 09.12.24 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 15.2
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 escalations 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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Listing Broker

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