Lightbridge Academy
Special Purpose | 7.00% CAP | 14,629 SqFt
Marketing description
SURMOUNT is pleased to present the exclusive listing for a Lightbridge Academy located at 1425 Memorial Parkway, Fate, TX 75087. The site consists of roughly 14,629 rentable square feet of building space on an estimated 1.45-acre parcel of land. This Lightbridge Academy is subject to a 20-year Triple Net (NNN) lease, which will commence 30 Days After Substantial Completion. The current annual rent is $541,273 and has scheduled increases of 2.00% annually.
Investment highlights
Corporate Guarantee for Full Term | The lease is guaranteed by New Jule Holding LLC, a proven childcare operator with a strong track record. The corporate guaranty remains in place for the full 20-year term of the lease, providing investors with long-term security and income stability backed by a well-capitalized and experienced operator.
Explosive Residential Growth | The immediate area is experiencing rapid population and housing expansion, with 3-mile population growth projected at 7.5% through 2029. Large-scale developments such as Williamsburg (1,658 lots), Chamberlain Crossing (419 lots), and Heritage Springs (366 multifamily units) are fueling demand for early education options.
Affluent Demographics | The property is supported by strong household income levels, with an average household income exceeding $118,000 within three miles and over $127,000 within ten miles, highlighting the area’s economic strength and capacity for premium childcare services.
Brand-New Construction | Upon completion in 2025, this state-of-the-art facility will offer a modern design, high quality finishes, and layouts tailored to Lightbridge Academy’s operational standards.
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