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29091743
29091744

427 Boss Range Rd, Justin, TX 76247

MK
TX 771801, NV S.0189416.LLC
SRS Real Estate Partners - Global Company
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$1,425,000
150 days on market
Updated 42 days ago

Former Preschool

Details
APN R208187
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 9,619
Year Built 1999
Year Renovated 2010
Acreage 1.000
Zoning GB: General Business
Parking Spaces 22 spaces
Parking Per SqFt 2.29
Investment Type Owner/User
Ownership 1,425,000

Retail | 9,619 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a former preschool investment property located in Justin, Texas. The site is zoned General Business, providing investors with a variety of permitted uses to choose from. The site is positioned at the hard corner intersection of Boss Range Road and Ovaletta Drive, providing the asset with excellent exposure to parents travelling to and from Justin Elementary School, which is located directly across the street.

The subject property is located near the signalized, hard corner intersection of FM 156 and FM 407 which combine to average 23,100 vehicles passing by daily. FM 156 is the major retail thoroughfare serving the city of Justin. The asset is one of the few preschools serving the area, providing an excellent opportunity for a owner-user to capture market share in a rapidly growing market. Justin is a part of Denton County, one of the fastest growing counties in Texas, which gained over 100,000 residents from 2020-2024 and surpassed a million residents in 2023. In addition, the subject property is located in close proximity to several new housing development projects including Reatta Ridge, The Preserve (330 units), Timberbrook (~1,000 units), and Treeline by Tri Pointe Homes (2,500 units). The property is in the center of a primary retail corridor with other nearby national/credit tenants including Anytime Fitness, Taco Bell, Dollar General, Sonic, Domino’s, Pizza Hut, Chicken Express, AutoZone, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 45,900 residents and 8,800 employees with an affluent average household income of $143,060.

Investment highlights

  • High Growth Region | Dallas-Fort Worth Metroplex | Excellent Visibility

  • Justin Elementary School | Near New Housing Developments

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

MK
TX 771801, NV S.0189416.LLC
SRS Real Estate Partners - Global Company
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach

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Additional Information

Name
Ryan Johnson
License
TX License No. 525292
Brokerage
SRS Real Estate Partners-Southwest, LLC
Title
Broker of Record
Name
Michael Kaplan
License
771801
Brokerage
SRS Real Estate Partners
Brokerage Address
8144 Walnut Hill Lane
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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