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Views: 86 DOM: 256 Updated: 07.01.24 Posted: 03.10.24 Status: Active

Summary

Price $3,026,905
Built/Renov 2000
Tenant TOCA Football Training Center (GL)
Cap Rate 6.69%
Lease Type Modified Gross
Guarantor Corporate
Size/SF 38,590
Lease Start 05-15-2021
#Units 35
Price/SF $78.44
Expiration 05-15-2037
Tenant Type Sport/Fitness
NOI $202,500
R. Term 12.5
Ownership Ground Lease
Rent/SF $5.25
Increases 10.0%/3/yrs
Pop 5Mi 215,334
Lot/AC 171.99
Options 2/5yrs
AHHI 5Mi $156,371

Lease Highlights

  • TOCA Football Training Center has 13+ years remaining on the current ground lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

TOCA Football Training Center is strategically located on the hard corner intersection of Main Street/FM 423 and Lone Star Ranch Parkway, with access to a high daily traffic count of 45,401 vehicles. Additionally, the property is adjacent to future development and Stewart Creek Wetlands. In the vicinity, notable establishments include The Colony Public Library, Highland Ridge Apartments, The...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: TOCA Football
  • Guarantor:Corporate
  • Company:TOCA Football Inc
  • # Units:35
  • Stock:Private

About Tenant

TOCA Football Inc. is a California-based global soccer experiences company and the largest operator of indoor soccer centers in North America. TOCA is driven by a mission to provide authentic...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,154 91,851 223,385
2023 Total Population : 7,952 90,445 215,872
2023 Employed Civilian Pop : 4,395 46,294 117,109
2023 Total Businesses : 198 1,692 7,757
2023 Average Household Income : $ 156,646 $ 171,351 $ 154,248
2023 Total Consumer Spending : $ 338 M $ 4622 M $ 11039 M
2023 Median Age : 35 36 35
2023 Total Households : 2,557 31,849 84,327
2023 Pop Age 25+: Bachelor's Degree : 1,761 21,885 54,886
2023 Average Home Value : $ 527,399 $ 488,327 $ 502,858
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
FM 423 Main St 2013 25,504 0.07 mi
Lone Star Ranch Pkwy Heather Ln 2013 1,349 0.51 mi
Lakeland Dr Lakecrest Dr 2009 300 0.52 mi
W Lake Highlands Dr Lake PkDr 2009 1,940 0.69 mi
W Lake Highlands Dr Lakeland Dr 2009 720 0.73 mi
Lone Star Ranch Havenbrook Ln 2013 713 0.90 mi
W Lebanon Rd Boyd Rd 2012 4,732 0.97 mi
Lebanon Rd FM 423 2012 8,083 0.99 mi
Hale St Augusta St 2009 200 1.02 mi
Main St Chowning Cir 2009 32,530 1.03 mi

Listing Broker

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