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CHILDCARE & PRESCHOOL | 15 YEAR ABSOLUTE NET 5902 N Jupiter Rd 6,801 SF Retail Building Garland, TX 75044 $2,000,000 ($294.07/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options.
- Strong Daytime Employment Area - In Close Proximity to Numerous Call Centers, Business Parks, Dealerships and Regional Office Spaces.
- Densely Populated & Affluent Area: Average Household Income of $109k+ w/in a 1-Mile Radius & more than 340k People Residing within a 5-Mile Radius.
- Positioned Along Area’s Traffic & Retail Corridor. Features Easy Access & Excellent Visibility w/Daily Traffic Counts Exceeding 31k Vehicles.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
- Multiple Elementary & Secondary Schools within Walking/Short Drive including Big Springs Elementary (0.4 mi), Apollo Junior High (1.4 mi), etc
EXECUTIVE SUMMARY
Little Blessings Childcare & Preschool | 15 Year Absolute Net Lease | Densely Populated and Affluent Area | Immediate Area Experiencing Major Growth | Strong Daytime Employment Area | Multiple Elementary & Secondary Schools within Walking / Short Drive | Minutes from 1M Sq.Ft. Open-Air Regional Shopping Center and Major Waterpark
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,801 SF
Building Class
B
Year Built
1977
Price
$2,000,000
Price Per SF
$294.07
Cap Rate
7.75%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.74 AC
Zoning
SF7 - Single Family Residential
Parking
9 Spaces (1.32 Spaces per 1,000 SF Leased)
Frontage
179’ on Sugarberry Lane
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Little Blessings Childcare & Preschool
- Educational Services
- 6,801 SF
- -
- Triple Net
- Dec 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Little Blessings Childcare & Preschool | Educational Services | 6,801 SF | - | Triple Net | Dec 2039 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26586700010010000 | Improvements Assessment | $534,980 |
| Land Assessment | $240,450 | Total Assessment | $775,430 |
PROPERTY TAXES
Parcel Number
26586700010010000
Land Assessment
$240,450
Improvements Assessment
$534,980
Total Assessment
$775,430
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CHILDCARE & PRESCHOOL | 15 YEAR ABSOLUTE NET | 5902 N Jupiter Rd
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