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Guidepost Montessori at Flower Mound 2501 Simmons Rd 12,113 SF Retail Building Flower Mound, TX 75022 $5,200,000 ($429.29/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
- Estimated to experience roughly 20% population growth over the next five years within a 1, 3, and 5-mile radius
- Lease features a full-term corporate guaranty from tenant’s parent company – Guidepost Global Education
- Guidepost Global Education is a EBITDA positive “4-wall” company with 8,000+ system-wide enrollments
- $204,000 average household incomes within a 1-mile radius of the subject property
Executive Summary
Over 12 years remaining in the base term of this lease featuring 2% annual rental increases and a full-term corporate guaranty from Guidepost Global Education (see Page 9). The subject property is located in Flower Mound, an explosive growth Dallas suburb that is estimated to experience roughly 20% population growth over the next five years within a 1, 3, and 5-mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,113 SF
Building Class
C
Year Built/Renovated
2011/2018
Price
$5,200,000
Price Per SF
$429.29
Cap Rate
6.93%
NOI
$360,424
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.90 AC
Parking
55 Spaces (4.54 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
60/100
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 Montessori at Flower Mound | 2501 Simmons Rd
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