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Jags Christian Academy 673 NE Alsbury Blvd 7,768 SF Retail Building Burleson, TX 76028 $2,738,341 CAD ($352.52 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 9+ Years Remaining | Options To Extend | Owner-User or Development Opportunity
- Nearby Schools (1,800+ Students) | Retail Corridor |Nearby Neighborhoods and Apartment Complexes
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
7,768 SF
Building Class
B
Year Built
1993
Price
$2,738,341 CAD
Price Per SF
$352.52 CAD
Cap Rate
8.50%
NOI
$232,814 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.91 AC
Zoning
GR - General Retail District
Parking
30 Spaces (3.86 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42166410 | Improvements Assessment | $2,945,398 CAD |
| Land Assessment | $662,866 CAD | Total Assessment | $3,608,264 CAD |
PROPERTY TAXES
Parcel Number
42166410
Land Assessment
$662,866 CAD
Improvements Assessment
$2,945,398 CAD
Total Assessment
$3,608,264 CAD
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Jags Christian Academy | 673 NE Alsbury Blvd
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