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Jags Christian Academy 673 NE Alsbury Blvd 7,768 SF Retail Building Burleson, TX 76028 $1,976,000 ($254.38/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 9+ Years Remaining | Options To Extend | Owner-User or Development Opportunity
- Nearby Schools (1,800+ Students) | Retail Corridor |Nearby Neighborhoods and Apartment Complexes
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Jags Christian Academy investment property located in Burleson, Texas (Dallas MSA). The tenant, Jags Christian Academy and Associates, LLC, has approximately 9 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property is a possible owner-user or development opportunity.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
7,768 SF
Building Class
B
Year Built
1993
Price
$1,976,000
Price Per SF
$254.38
Cap Rate
8.50%
NOI
$168,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.91 AC
Zoning
GR - General Retail District
Parking
30 Spaces (3.86 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42166410 | Improvements Assessment | $2,138,686 |
| Land Assessment | $481,314 | Total Assessment | $2,620,000 |
PROPERTY TAXES
Parcel Number
42166410
Land Assessment
$481,314
Improvements Assessment
$2,138,686
Total Assessment
$2,620,000
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Jags Christian Academy | 673 NE Alsbury Blvd
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