120 Baize Blvd - Freestanding FOR SALE


Hickory Creek, TX 75065
$5,440,000 USD
940-326-7022
120 Baize Blvd, Hickory Creek, TX for Sale
$5,440,000 USD
Freestanding - FOR SALE
1/8
null | 6.25% Cap Rate

120 Baize Blvd
Hickory Creek, TX 75065


HIGHLIGHTS

  • 100% NNN lease with fifteen (15) year lease term that includes corporate guaranty by TLE corporate with minimal Landlord Responsibilities
  • Rent increases 8% every five (5) years, including options, with NNN expenses primarily managed by tenant.
  • The Learning Experience is the Fastest-Growing Childcare Concept in the US with ~630 Centers Open, Planned or Under Development across 22 States
  • The demographics in Denton County is experiencing superior growth and is expected for the foreseeable future.
  • The average household income within 1-mile radius of the property is over $120,000 and the population is over 145,000 in a 5-mile radius.
  • Frontage to I-35 off Turbeville Road, nestled between Denton and Lake Lewisville with direct access both northbound and southbound on I-35

OVERVIEW

Wells Asset Management, with the owners, presents the opportunity to acquire a newly constructed 10,000-square-foot free-standing property leased to The Learning Experience, the nation’s fastest-growing childcare and early education company. Founded in 1980, The Learning Experience currently operates and franchises more than 630 locations throughout the United States, with ~50 new centers being opened each year given the significant demand and revenue growth experienced by The Learning Experience. The 15-year NNN lease includes a 5-year limited corporate guarantee which transfers to the franchisee upon expiration, allowing ample time for the location to build its enrollment and establish a successful operation

FOR SALE DETAILS

PRICE

$5,440,000 USD

PRICE/SF

$544 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

C-1

APN/PARCEL ID

R726989

ASK ABOUT THIS PROPERTY

Mike WellsWells Asset Management, Inc.More Info
940-326-7022

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Mike WellsWells Asset Management, Inc.More Info
940-326-7022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.