Plano, TX - The Einstein School

Description:

• The building is 100% occupied by Creative Learning dba the Einstein School and Hail strike
• Creative learning currently has 6 years remaining on their initial lease with 1 (5-year) option to extend, demonstrating their commitment to the site
• The lease features annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Hail Strike currently has 3 years remaining on their lease
• The lease features a 3% annual rental increases throughout the initial term, growing NOI and hedging against inflation
• Creative Learning will assume Hail Strike’s initial lease once it is completed in March of 2028
• This asset is grandfathered into being a storm shelter, making it an irreplaceable location for any school (2016, a law was passed which required new schools to be built with storm shelters)
• Tenants are paying a below market rent of $18 PSF vs $30 PSF
• Einstein educators offer personalized attention, encouraging students to question, observe, analyze, and explore possibilities through inquiry-based learning

• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Sam’s Club, Anytime Fitness, Autozone, Lowe’s, Discount Tire, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The subject property is located just down the street from Medical City Plano, a 603 bed regional hospital, which increases consumer traffic to the area