The Learning Experience Hickory Creek - Denton County
I-35 FRONTAGE IN DENTON COUNTY | 15-YR SINGLE TENANT NNN LEASE | NEWLY BUILT
Marketing description
Single NNN Tenant | America's Fastest Growing Daycare Franchise
Brand New Construction — Completed in November 2023
New 15-Year Single Tenant NNN Lease with Corporate Guaranty
Frontage to I-35 off Turbeville Road, nestled between Denton and Lake Lewisville with direct access both northbound and southbound on I-35 with 122,912 VPD on I-35 and 13,510 VPD on Turbeville Road.
Investment highlights
Stable Income Stream: 100% NNN lease with fifteen (15) year lease term that includes corporate guaranty by TLE corporate (parent company) with minimal Landlord Responsibilities. Rent increases 8% every five (5) years, including options, with NNN expenses primarily managed by tenant.
Significant Free Cash Flow: Minimal capex drives strong cash on cash returns from both a levered and unlevered basis.
Superior Location on I-35 Frontage in Denton County: Frontage to I-35 nestled between Denton and Lake Lewisville with direct access both northbound and southbound on I-35.
Thriving Local Economy : The demographics in Denton County is experiencing superior growth and is expected for the foreseeable future. The average household income within 1-mile radius of the property is over $120,000 and the population is over 145,000 in a 5-mile radius.
100% NNN lease with fifteen (15) year lease term that includes corporate guaranty by TLE corporate (parent company) with minimal Landlord Responsibilities.
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