Primrose Schools | Double Net (NN) Lease
$6,454,993
10901 Founders Way, Fort Worth, TX 76177
For Sale
Special Purpose
Active
Last Updated: 08/24/2021
6.75
Cap Rate
435,712
NOI
Details:
Cap Rate: 6.75%
NOI: $435,712
Building Size: 12,110 sqft
Lot Area: 1.77 acres
Lease Type: Double Net
Year Built: 2020
Price Per Sqft: $533.03
Roof & Structure: Landlord’s Responsibility
HVAC: Tenant’s Responsibility
Repairs & Maintenance: Tenant’s Responsibility
Highlights:
- Brand-New Construction Long-Term 20 Year Lease With 2% Annual Increases
- Experienced Multi-Unit Operator; Primrose Schools is the National Leader in Providing Premier Early Education and Care and it Has Earned National Accreditation From AdvancED
- Affluent Neighborhood With 75,685 Residents Making an Average Household Income of $120,219 Within a 3-Mile Radius
- Population Jumps to Over 198,720 Within 5-Miles and is Expected to Increase Another 8.29% in the Next 5 Years
- Adjacent to Texas Health Harris Methodist Hospital (Over 1,100 Employees) and Lifetime Fitness
- Surrounding Elementary Feeder Schools Include: Caprock, Kay Granger, OA Peterson and Haslet
- Less Than 10 Minutes From Several Major Employers of the Area: JCPenney, Amazon, FedEx, Kraft Foods, GE, Cargill Cotton and the BNSF Railway Company
- 20 Minutes From the Famous Stockyard Stations Which is a Large Historic District With an Old West Vibe Offering Tours, Entertainment, Shops and Restaurants
- Ranked the 13th Largest and One of the Fastest Growing Cities In the U.S., Fort Worth is Home to More Than 850,000 Residents
- 20 Minutes to the Fort Worth Meacham International Airport and 35 Minutes to Dallas Love Field and Dallas/Fort Worth International Airports
- Texas Is An Income Tax Free State
- Nearby Tenants Include: Chick-fil-A, Best Buy, Wells Fargo, Costco, McDonald’s, Starbucks, 7-Eleven, RaceTrac, Kroger, QuikTrip and More
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,110 SF Primrose Schools at 10901 Founders Way in Fort Worth, Texas. This Opportunity Includes a Brand-New Construction With an Experience Multi-Tenant Operator, Providing For a Secure Investment.
In Cooperation With
Sands Investment Group Austin, LLC Lic. #9004706
Documents:
Title | ||
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Offering Memorandum |
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