7938-7944 Great Northern Blvd - Freestanding FOR SALE
Austin, TX 78757 |
$15,950,000 USD
858-373-3184
7938-7944 Great Northern Blvd
Austin, TX 78757
HIGHLIGHTS
- Relocation Site w/ Proven History and Concept Long Term Corporate Backed Lease Featuring Favorable 2% Annual Rental Increases.
- w/ FMV Adjustment for Subsequent Options. Complete 2024 Exterior / Interior Renovation. Subject Property is a Pre-K and Elementary Facility.
- Densely Populated & Affluent Area: Average Household Income of 106k+ within a 3-Mile Radius and over 304k People Residing within a 5-Mile Radius.
- Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ’s, Business Parks, Regional Office Spaces, Distribution Centers, etc.
- High Barrier to Entry Market - Demand for Early Education is Growing Rapidly as around 1.6 Million and 4 Million Students were Enrolled in Pre-K.
- Spring Education Group is a Prominent Network of approximately 230 Private Schools, providing a Comprehensive Range of Educational services.
OVERVIEW
Spring Education Group Private Prep School | Relocation Site - 2024 Complete Renovation | Pre-K and Elementary School | Immediate Access to TX Hwy Loop 1 | Large Lot Size | Strong Daytime Employment Area - Densely Populated & Affluent Location | Austin Currently Ranks as the Fastest Growing Metro out of the 50 Largest U.S. Metros | Epicenter of Activity
FOR SALE DETAILS
PRICE
$15,950,000 USD
PRICE/SF
$456 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SPRING EDUCATION GROUP PRIVATE PREP SCHOOL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Day Care Center, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1976
SPRINKLERS
-
PARKING SPACES
215
LAND DETAILS
LAND ACRES
2.55 AC
LAND SF
111,078 SF
ZONING
CS-1, Austin
APN/PARCEL ID
245669
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858-373-3184
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858-373-3184
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