1601 Corporate Cir - Day Care Center FOR SALE


Southlake, TX 76092- Grapevine
$2,862,000 USD
602-541-1019
1601 Corporate Cir, Southlake, TX for Sale
$2,862,000 USD
Day Care Center - FOR SALE
1/6
null | 6.65% Cap Rate

1601 Corporate Cir
Southlake, TX 76092
Grapevine


HIGHLIGHTS

  • 8+ Years Remaining on Absolute Triple-Net (NNN) Lease
  • The Lease Features Rental Increases Every 5 Years
  • Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S.
  • 18 Feeder Elementary Schools within a 5-Mile Radius
  • Affluent Trade Area, with Average Household Income Exceeding $282,000 within 1 Mile of the Subject Property
  • 158,147 Residents in the Surrounding Area, with Population and Households Projected to Increase 5% by 2028 - Dallas/Fort Worth MSA

OVERVIEW

The Children’s Courtyard schools are designed for children from six weeks to 12 years of age. In all the early educational programs along the school’s Learning Pathway, The Children’s Courtyard provides research-based curriculum that can be customized to meet the individual developmental needs of each child. Southlake is a city in Tarrant County, Texas. As of the 2020 Census, it had a population of approximately 31,200 residents. According to a 2019 estimate, the median income for a household in the city was in excess of $240,248.

FOR SALE DETAILS

PRICE

$2,862,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Children's Courtyard

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,675 SF

ZONING

-

APN/PARCEL ID

07681666

ASK ABOUT THIS PROPERTY

Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

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Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

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