12606 GREENVILLE AVE Dallas TX 75243-1921

Download Offering Memorandum HERE

INVESTMENT HIGHLIGHTS

• Specialized Emphasis in Healthcare Education - Concorde Career Colleges, Inc. ("Concorde") is unique in the for-profit educational industry in that it offers more than 20 educational programs specifically focused towards the healthcare industry. This industry has experienced a significant demand for jobs affiliated in the medical field and is expected to continue to grow 20-35% over the next 5 years.
• 2nd Most Profitable of Concords 16 Campuses - The Grand Prairie campus is the second-most profitable location across Concorde's 16 nationwide campuses, with $12M+ in total revenue. This represents revenue nearly 20% higher than the average campus. This build-to-suit facility relocated from an existing building nearby that couldn't accommodate Concord's rapid growth needs, expanding from 35,000 SF to 50,000 SF (42% expansion).
• Attractive Lease Terms - The Property will be attractive to the investor community from a lease perspective, as the lease has over 12.5 years of remaining primary term, with above-market 3% annual rent increases and little to no landlord requirements (roof & structure replacement only). The lease also comes with a 3-month Letter of Credit as an additional guarantee from the tenant.
• Strong Real Estate Location - The location is well situated with good visibility off Interstate 20 (which has +/- 143,960 vehicles per day) in Grand Prairie, Texas. Directly north of I-20 is a large outlet shopping center (Grand Prairie Premium Outlets) which drives significant traffic to that immediate corridor.
• Relocation to Accommodate Growth - The Property is the second relocation for Concorde’s Arlington/Grand Prairie campus. In 1991, Concorde initially opened in Arlington, Texas. As its demand increased, it moved directly across the street into an annex providing more space. Just two years ago Concorde again outgrew its facility. The current Grand Prairie location (approximately 5 miles from its prior campus) provides nearly double the space of the former facility; once again addressing the growing demand of the tenant's healthcare programs.