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CHILDCARE & PRESCHOOL | 15 YEAR ABSOLUTE NET 5902 N Jupiter Rd 6,801 SF Retail Building Garland, TX 75044 $2,734,100 CAD ($402.01 CAD/SF) 7.75% Cap Rate
Investment Highlights
- 15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options.
- Strong Daytime Employment Area - In Close Proximity to Numerous Call Centers, Business Parks, Dealerships and Regional Office Spaces.
- Densely Populated & Affluent Area: Average Household Income of $109k+ w/in a 1-Mile Radius & more than 340k People Residing within a 5-Mile Radius.
- Positioned Along Area’s Traffic & Retail Corridor. Features Easy Access & Excellent Visibility w/Daily Traffic Counts Exceeding 31k Vehicles.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
- Multiple Elementary & Secondary Schools within Walking/Short Drive including Big Springs Elementary (0.4 mi), Apollo Junior High (1.4 mi), etc
Executive Summary
Little Blessings Childcare & Preschool | 15 Year Absolute Net Lease | Densely Populated and Affluent Area | Immediate Area Experiencing Major Growth | Strong Daytime Employment Area | Multiple Elementary & Secondary Schools within Walking / Short Drive | Minutes from 1M Sq.Ft. Open-Air Regional Shopping Center and Major Waterpark
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,801 SF
Building Class
B
Year Built
1977
Price
$2,734,100 CAD
Price Per SF
$402.01 CAD
Cap Rate
7.75%
NOI
$211,893 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.74 AC
Zoning
SF7 - Single Family Residential
Parking
9 Spaces (1.32 Spaces per 1,000 SF Leased)
Frontage
179’ on Sugarberry Lane
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Little Blessings Childcare & Preschool
- Educational Services
- 6,801 SF
- -
- Triple Net
- Dec 2039
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Little Blessings Childcare & Preschool | Educational Services | 6,801 SF | - | Triple Net | Dec 2039 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 26586700010010000 | Improvements Assessment | $731,344 CAD |
| Land Assessment | $328,707 CAD | Total Assessment | $1,060,052 CAD |
Property Taxes
Parcel Number
26586700010010000
Land Assessment
$328,707 CAD
Improvements Assessment
$731,344 CAD
Total Assessment
$1,060,052 CAD
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CHILDCARE & PRESCHOOL | 15 YEAR ABSOLUTE NET | 5902 N Jupiter Rd
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