Tierra Encantada

$5,156,000

14550 Marsh Lane, Addison, TX 75001

For Sale

Retail Free Standing

Active

Last Updated: 01/16/2025

Details:

Cap Rate: 7.3%

NOI: $376,410

Building Size: 10,641 sqft

Lot Area: 1.72 acres

Lease Type: Absolute Net

Tenancy: Single

Year Last Renovated: 2022

Highlights:

With construction and rental rates climbing, this property presents a rare opportunity to acquire a 10,000+ sq. ft. early education facility for under $5.5MM
Lower per-square-foot rents compared to nearby facilities create an operational advantage, reducing overhead costs and offering the operator a sustainable and scalable business model
Tierra Encantada has built a strong reputation for success in bilingual early education
Positioned in the Dallas-Fort Worth metroplex, this property is in an area experiencing substantial population growth, particularly among young, affluent families moving into surrounding neighborhoods
The property is surrounded by a daytime population of over 120,000 people and an average household income of $126,103 within a 5-mile radius

Description:

Tierra Encantada is a leading early education operator having recently partnered with Susquehanna Growth Equity (SGE). Tierra Encantada features a long-term lease with annual rental increases in the Dallas Fort Worth MSA, which is home to the 4th largest concentration of Fortune 500 companies in the United States. Addison, TX, boasts over 120,000 daytime visitors.