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Spanish Schoolhouse 1625 Main St 7,573 SF Retail Building Providence Village, TX 76227 $7,045,335 CAD ($930.32 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Long-Term Absolute NNN Lease: Brand-new 15-year lease to Spanish Schoolhouse, with no landlord obligations—offering stable, fully passive income.
- Established Educational Operator: Founded in 2000, Spanish Schoolhouse operates 20+ locations across Texas.
- Demographics Support Growth: 126,000+ residents within 5 miles and an average household income of $120,000.
- Annual Rental Escalations: Fixed 2.0% annual increases provide consistent NOI growth throughout the lease term and renewal options.
- Strategic Location Within a Mixed-Use Corridor: Adjacent to a new Action Behavior Center and near future retail and medical development.
- Purpose-Built for Long-Term Occupancy: Modern 7,573 SF facility customized for Spanish Schoolhouse’s operational model and educational environment.
Executive Summary
Spanish Schoolhouse (the "Property") is strategically located adjacent to the Action Behavior Center within a master-planned mixed-use development at the northwest quadrant of Main Street and Fishtrap Road in Providence Village, Texas. The Property benefits from strong visibility, convenient access to US Highway 380, and proximity to future medical and retail developments, contributing to long-term tenant synergy and land value appreciation.
The Property comprises approximately 7,573 square feet in a single-tenant building that will be delivered as a build-to-suit for Spanish Schoolhouse, a leading provider of Spanish immersion preschool and early childhood education. The tenant has executed a long-term 15-year absolute NNN lease with two (2) five-year renewal options and fixed 2.0% annual rental increases beginning in Year 2. This structure provides investors with stable, passive income and predictable growth.
Spanish Schoolhouse represents a rare opportunity to acquire a purpose-built, education-focused net lease investment with zero landlord responsibilities in a high-growth corridor of Denton County.
The Property comprises approximately 7,573 square feet in a single-tenant building that will be delivered as a build-to-suit for Spanish Schoolhouse, a leading provider of Spanish immersion preschool and early childhood education. The tenant has executed a long-term 15-year absolute NNN lease with two (2) five-year renewal options and fixed 2.0% annual rental increases beginning in Year 2. This structure provides investors with stable, passive income and predictable growth.
Spanish Schoolhouse represents a rare opportunity to acquire a purpose-built, education-focused net lease investment with zero landlord responsibilities in a high-growth corridor of Denton County.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
7,573 SF
Building Class
C
Year Built
2026
Construction Status
Proposed
Price
$7,045,335 CAD
Price Per SF
$930.32 CAD
Cap Rate
6.50%
NOI
$457,947 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.08 AC
Amenities
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | R957908 | Improvements Assessment | $0 CAD |
| Land Assessment | $431 CAD | Total Assessment | $431 CAD |
Property Taxes
Parcel Number
R957908
Land Assessment
$431 CAD
Improvements Assessment
$0 CAD
Total Assessment
$431 CAD
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Spanish Schoolhouse | 1625 Main St
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