Burleson, TX - Jags Christian Academy

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Jags Christian Academy investment property located in Burleson, Texas (Dallas MSA). The tenant, Jags Christian Academy and Associates, LLC, has approximately 9 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property is a possible owner-user or development opportunity.

The Jags Christian Academy is located near the signalized, hard-corner intersection of NE Alsbury Blvd and South Fwy. NE Alsbury Blvd is a major retail thoroughfare serving the city of Burleson. The property is located within Judy Hajek Elementary School (590+ students), Jack Taylor Elementary School (520+ students), and Deer Creek Elementary School (720+ students). The asset is adjacent to Alsbury Villas (150 units) and has a population of over 9,000 in the 1-mile radius. In addition, Jags Christian Academy is also across from Gateway Station, a shopping center featuring tenants such as Kohl’s, Ross, TJ Maxx, Boot Barn, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Walmart Supercenter, Lowe’s Home Improvement, Sam’s Club, Academy Sports & Outdoors, Kroger, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 143,700 with an average household income of $108,917.