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
• 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 asset is located along W Plano Pkwy which averages 35,900 VPD
• The site benefits from nearby direct on/off ramp access to George Bush Turnpike, a major thoroughfare that averages 136,500 VPD
• The asset has excellent visibility via significant street frontage and a large monument sign with multiple points of ingress/egress
• 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
• 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
• More than 360,000 residents and 256,000 employees support the trade area, providing a direct consumer base from which to draw
• An affluent average household income of $147,890 in 3-mile area