Pegasus Investments Real Estate Advisory Inc. and Flake & Company, LLC, as exclusive investment sales advisors to Seller, are pleased to offer the opportunity to acquire the fee simple interest (land & building) in a Goddard School located in Springdale, Arkansas (the “Property”). Springdale is part of the rapidly expanding Northwest Arkansas MSA, which includes Bentonville, Fayetteville, and Rogers, and is home to Walmart’s Corporate Headquarters and several other Fortune 500 companies.
The Property is leased on a 100% absolute triple net (NNN) basis to a strong multi-unit operator (the “Tenant”). Goddard School (“Goddard”) is a best-in-class early childhood education network with over 600+ locations in the USA. The large, 1.2-acre parcel and 8,875 SF building provide operational efficiencies for the Tenant and attractive fungibility for investors within the early childhood education market.
The Property is located within one of the fastest-growing pockets of Springdale, which has experienced 55% population growth in the last decade within a 3-mile radius. Further, it is surrounded by robust demographics, with an average annual household income of $133,000 within a 1-mile radius.
Further, the Property’s central location is close to many of the region’s large corporate employers, the University of Arkansas, and significant cultural institutions. Springdale is ranked the 7th Best Place to Live in the USA (U.S. News & World Report) due to its high quality of life, exceptional job market, and low cost of living. The region is well-positioned to continue its path of unprecedented growth, underscoring the Property’s robust real estate fundamentals.