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The Children's Courtyard - Prosper, TX 2301 Richland Blvd 12,415 SF Retail Building Prosper, TX 75078 $5,590,392 CAD ($450.29 CAD/SF) 7% Cap Rate
Investment Highlights
- This asset is 100% leased to The Children’s Courtyard on an Absolute Triple Net (NNN) Lease with zero landlord responsibilities.
- 17+ feeder elementary schools within a 5-mile radius: Judy Rucker Elementary School, R. Steve Folsom Elementary School Etc.
- Ideally located just off E University Dr, which sees over 35,419 VPD.
- Corporately backed by Learning Care Group, Inc., which is the secondlargest for-profit childcare company in North America.
- Total consumer spending on education and daycare exceeds $230 million annually within a 5-mile radius of this location.
- The childcare and early education industry is projected to grow at an annual rate of 5.0% over the next five years due to the rising population.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 12,415 SF The Children’s Courtyard located at 2301 Richland Boulevard in Prosper, TX. This deal includes an asset which is 100% leased to The Children’s Courtyard on an Absolute Triple Net (NNN) Lease with zero landlord responsibilities - 6+ years of term remaining, providing for a secured investment.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,415 SF
Building Class
B
Year Built
2017
Price
$5,590,392 CAD
Price Per SF
$450.29 CAD
Cap Rate
7%
NOI
$391,327 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.57 AC
Parking
30 Spaces (2.42 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalized Intersection
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 12,415 SF
- $31.53 CAD
- Triple Net
- Nov 2032
At The Children’s Courtyard, they give children plenty of room to excel, in all their early education programs. Here, your child will learn alongside others, through interesting events, with the right materials, in classrooms and labs designed to develop and foster specific interests. The result? A child who thinks logically, solves problems, thrives socially, and displays exceptional strength of character. They prepare students for the next, and every, stage of a productive academic life.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 12,415 SF | $31.53 CAD | Triple Net | Nov 2032 |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R-11362-00A-0030-1 | Improvements Assessment | $5,296,140 CAD |
| Land Assessment | $1,238,318 CAD | Total Assessment | $5,766,358 CAD |
Property Taxes
Parcel Number
R-11362-00A-0030-1
Land Assessment
$1,238,318 CAD
Improvements Assessment
$5,296,140 CAD
Total Assessment
$5,766,358 CAD
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The Children's Courtyard - Prosper, TX | 2301 Richland Blvd
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