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29092598
29092599

811 Vicksburg Ln, Burleson, TX 76028

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
$1,976,000
159 days on market
Updated 51 days ago

Jags Christian Academy

Details
APN 467-9-3R3
Property Type Retail
Sub Type Day Care/Nursery
Cap Rate 8.5%
NOI $168,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 01/31/2034
Remaining Term 7.6
Rent Bumps Yes
Lease Options 2 (5-Year)
Year Built 1993
Acreage 0.910
Zoning GR: General Retail District
Parking Spaces 30 spaces
Investment Type Net Lease
Lease Commencement 01/25/2024
Ownership Fee Simple (Land & Building Ownership)

Retail | 8.50% CAP

Marketing description

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.

The Jags Christian Academy is located near the signalized, hard-corner intersection of NE Alsbury Blvd and South Fwy. NE Alsbury Blvd is a major retail thoroughfare serving the city of Burleson. The property is located within Judy Hajek Elementary School (590+ students), Jack Taylor Elementary School (520+ students), and Deer Creek Elementary School (720+ students). The asset is adjacent to Alsbury Villas (150 units) and has a population of over 9,000 in the 1-mile radius. In addition, Jags Christian Academy is also across from Gateway Station, a shopping center featuring tenants such as Kohl’s, Ross, TJ Maxx, Boot Barn, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Walmart Supercenter, Lowe’s Home Improvement, Sam’s Club, Academy Sports & Outdoors, Kroger, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 143,700 with an average household income of $108,917.

Investment highlights

  • 9+ Years Remaining | Options To Extend | Owner-User or Development Opportunity

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Nearby Schools (1,800+ Students) | Retail Corridor |Nearby Neighborhoods and Apartment Complexes

  • 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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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,000.00
$14,000.00/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

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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