The Learning Experience
Frisco, TX
Key Details
| Price: | $6,518,519 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $440,000 |
| Address: | 9225 Hickory Street, Frisco, Texas 75034 |
| Property Type: | Specialty |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 1.86 Acres |
| Building Size: | 10,000 SF |
| Year Built: | 2022 |
NNN Pro is pleased to present the exclusive listing for a The Learning Experience located at 9225 Hickory Street, Frisco, Texas 75034. The site consists of roughly 10000 rentable square feet of building space on an estimated 1.86-acre parcel of land. This The Learning Experience is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $440,000 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- Absolute Triple Net (NNN) Sale-Leaseback | The subject investment property will be subject to a 20- year absolute triple net (NNN) lease at the close of escrow, holding zero landlord responsibilities and demonstrating strong commitment to the site.
- Seasoned Operator | Partnership operates 4 TLE locations in the immediate submarket providing commitment to the area and long term viability for investors
- Attractive Lease Structure | Rare Absolute Net Lease for TLE with 20 years of income and 10% increases every 5-years
- Reputable Tenant | The Learning Center has over 600 locations and is actively expanding throughout the nation.
- Newly Constructed Property | Subject property was completed the end of 2022 in one of the most dynamic suburbs of Dallas- Fort Worth
- Affluent Suburban Community | Frisco, Texas has grown by over 71% between 2010-2020 with a steady 6.9% annual growth, over 14.5% growth since 2020 and a medium home value of $655,000
Key Details
| Price: | $6,518,519 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $440,000 |
| Address: | 9225 Hickory Street, Frisco, Texas 75034 |
| Property Type: | Specialty |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 1.86 Acres |
| Building Size: | 10,000 SF |
| Year Built: | 2022 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Jonathan Eckerd
jeckerd@nnnpro.com
License: AZ: SA663487000
Cassandra Mosser
cmosser@nnnpro.com
License: AZ: SA677563000
Broker of Record
Brian Brockman
Bang Realty-Texas, Inc
License: 701472
Related Listings
Loading...
Sonic
900 East End Boulevard South, Marshall, Texas 75670
PRICE$1,562,500
CAP RATE6.40%
Loading...
EquipmentShare
1761 U.S. 271, Gladewater, Texas 75647
PRICE$3,042,962
CAP RATE6.65%
Loading...
Alliance Animal Health
520 West Broadway Avenue, Portland, Texas 78374
PRICE$627,692
CAP RATE6.50%
Loading...
Parachute Plasma
928 North Highway 123 Bypass, Seguin, Texas 78155
PRICE$4,278,385
CAP RATE6.75%
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.