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Guidepost Global Education 2501 Simmons Rd 12,113 SF 100% Leased Retail Building Flower Mound, TX 75022 $5,100,000 ($421.04/SF) 6.93% Cap Rate
INVESTMENT HIGHLIGHTS
- 12+ years remaining on corporate net lease featuring 2% annual rental increases
- Extremely large 3.90 acre lot
- EBITDA positive “4-wall” company
- Lease features a full-term corporate guaranty from tenant’s parent company
- Very strong enrollments (speak with Agent)
- Affluent parent demographics – $204,000 average household incomes within a 1-mile radius of the subject property
EXECUTIVE SUMMARY
A corporate Cosmic Education lease with 12+ years remaining in the base term featuring 2% annual rental increases. Subject property is located in the Dallas-Fort Worth MSA, which is home to the 4th largest concentration of Fortune 500 companies in the United States.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,113 SF
Building Class
C
Year Built/Renovated
2011/2018
Price
$5,100,000
Price Per SF
$421.04
Cap Rate
6.93%
NOI
$353,357
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
3.90 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R470041 | Improvements Assessment | $2,728,990 |
| Land Assessment | $779,420 | Total Assessment | $3,508,410 |
PROPERTY TAXES
Parcel Number
R470041
Land Assessment
$779,420
Improvements Assessment
$2,728,990
Total Assessment
$3,508,410
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Guidepost Global Education | 2501 Simmons Rd
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