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1425 Memorial Parkway - Lightbridge Academy 14,629 SF Specialty Building Offered at $10,240,741 CAD at a 6.75% Cap Rate in Fate, TX 75087
INVESTMENT HIGHLIGHTS
- Corporate Guarantee for Full Term
- Affluent Demographics
- Explosive Residential Growth
- Brand-New Construction
EXECUTIVE SUMMARY
SURMOUNT is pleased to present the exclusive listing for a Lightbridge Academy located at 1425 Memorial Parkway, Fate, TX 75087. The site consists of roughly 14,629 rentable square feet of building space on an estimated 1.45-acre parcel of land. This Lightbridge Academy is subject to a 20-year Triple Net (NNN) lease, which will commence 30 Days After Substantial Completion. The current annual rent is $500,000 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
| Price | $10,240,741 CAD | Building Class | B |
| Price Per SF | $700.03 CAD | Lot Size | 42.18 AC |
| Sale Type | Investment | Building Size | 14,629 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2025 |
| Property Subtype | Schools |
| Price | $10,240,741 CAD |
| Price Per SF | $700.03 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 42.18 AC |
| Building Size | 14,629 SF |
| No. Stories | 1 |
| Year Built | 2025 |
PROPERTY TAXES
| Parcel Number | 12849 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,789,064 CAD | Total Assessment | $1,789,064 CAD |
PROPERTY TAXES
Parcel Number
12849
Land Assessment
$1,789,064 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,789,064 CAD
CONTACTS
-
Glen Kunofsky -
Edward Otocka -
Amelia Haydock -
Francis Purritano -
Christopher Marks -
Surmount
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1425 Memorial Parkway - Lightbridge Academy
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