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Views: 40 DOM: 99 Updated: 11.11.24 Posted: 08.14.24 Status: Active

Summary

Price $3,784,900
Built/Renov 1983/2023
Tenant Nest Schools
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 10,532
Lease Start 01-28-2022
#Units 51
Price/SF $359.37
Expiration 01-31-2037
Tenant Type Daycare/Education
NOI $264,943
R. Term 12.2
Ownership Fee Simple
Rent/SF $25.16
Increases 2.0%/1/yrs
Pop 5Mi 463,145
Lot/AC 1.30
Options 4/5yrs/10%
AHHI 5Mi $127,948

Lease Highlights

  • Nest Schools has 12+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the initial term and 10% increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong corporate & personal guarantee

Location Description

Nest Schools is strategically located on Davenport Road, with a robust daily traffic count of 58,770 vehicles. The property benefits from its proximity to over 15 feeder elementary schools within a 5-mile radius and is just a 25-minute drive from Dallas Fort Worth International Airport. The immediate area features well-known national tenants, including Walmart, Target, Costco, PetSmart, Hobby...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Nest Schools
  • Guarantor:Corporate
  • Company:Rockbridge Growth Equity
  • # Units:51
  • Stock:Private

About Tenant

The Nest Schools is a private early childhood education provider offering daycare, preschool, and kindergarten programs. The company is known for its proprietary "Nest Play" curriculum, which is...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 15,518 136,074 388,887
2024 Total Population : 15,808 135,902 382,723
2024 Employed Civilian Pop : 9,473 74,757 221,209
2024 Total Businesses : 1,396 8,121 23,655
2024 Average Household Income : $ 143,588 $ 142,456 $ 132,406
2024 Total Consumer Spending : $ 960 M $ 7545 M $ 19500 M
2024 Median Age : 39 37 37
2024 Total Households : 7,705 60,628 168,137
2024 Pop Age 25+: Bachelor's Degree : 5,050 37,406 101,711
2024 Average Home Value : $ 654,560 $ 619,537 $ 561,483
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Genstar Ln Fortson Ave 2003 3,620 0.08 mi
Davenport Rd Camille Ave 2002 1,627 0.09 mi
Crownover Ct Genstar Ln 2004 3,380 0.14 mi
Preston Rd Cambridge Gate Dr 2009 50,230 0.16 mi
Fortson Ave Barfield Dr 2004 130 0.21 mi
Bentwood Trl Cupertino Trl 2009 3,280 0.21 mi
Genstar Ln Lovington Dr 2003 2,808 0.25 mi
Frankford Rd Preston Rd 2004 29,760 0.26 mi
Lloyd Cir Redstone Cir 2009 2,740 0.33 mi
Frankford Rd Creek Bend Rd 2007 25,132 0.33 mi

Listing Broker

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