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Get In TouchThe Children’s Courtyard – Prosper, TX
The Children's Courtyard
2301 Richland Boulevard, Prosper, TX 75078, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,415 SF The Children’s Courtyard Absolute NNN Located at 2301 Richland Boulevard in Prosper, TX. This Deal Includes an Asset Which is 100% Leased to The Children’s Courtyard on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities – 7.5 Years of Term Remaining, Providing For a Secured Investment.
- This Asset is 100% Leased to The Children’s Courtyard on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities – 7.5 Years of Term Remaining
- Corporately Backed By Learning Care Group, Inc., Which is the 2nd Largest For-Profit Childcare Company in North America and a Leader in Early Education, With a Network of Over 1,150 Locations in the Country, With a Capacity For Over 156,000 Students and 11+ Brands
- 17+ Feeder Elementary Schools within a 5-Mile Radius: Judy Rucker Elementary School, R. Steve Folsom Elementary School, John A. Baker Elementary School, Judy Cockrell Elementary School, Light Farms Elementary School, Windsong Ranch Elementary School, Jim & Betty Hughes Elementary School, Ralph & Mary Lynn Boyer Elementary School, John Spradley Elementary School, Jack & June Furr Elementary School, Chuck & Cindy Stuber Elementary School, Sam Johnson Elementary School, Mrs. Jerry Bryant Elementary School, Mike & Janie Reeves Elementary School, Joyce Hall Elementary School, Lilyana Elementary School, and Dan Christie Elementary School
- Total Consumer Spending on Education and Daycare Exceeds $230 Million Annually Within a 5-Mile Radius of This Location, and Average Household Income Exceeds $199,344 Within a 1-Mile Radius of This Location
- Ideally Located Just Off E University Dr, Which Sees Over 35,419 VPD
- The Childcare and Early Education Industry is Projected to Grow at an Annual Rate of 5.0% Over the Next Five Years Due to the Rising Population of Young Children as Well as the Societal Shift That Has Sent More Parents Into the Workforce
In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481
The Children's Courtyard
2301 Richland Boulevard, Prosper, TX 75078, USA
THE CHILDREN’S COURTYARD
The Children’s Courtyard gives children plenty of room to excel in all early education programs. Here, the child will learn alongside others, through interesting events, with the right materials, in classrooms and labs designed to develop and foster specific interests. They prepare students for the next and every stage of a productive academic life. The Children’s Courtyard was founded in Arlington, Texas, in 1986. Today, they have more than 1,150 child care centers in the great state of Texas and beyond. The Children’s Courtyard is part of the Learning Care Group Community of Schools. Learning Care Group is the second largest network of early childhood centers in the U.S., proud to support growing children, working families, and passionate educators across 40 states and in Washington, D.C.
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The Children’s Courtyard – Fayetteville, NC
Fayetteville, North Carolina
Cap Rate: 6.75%
$3,013,333
Available
Price
$4,087,500
Cap Rate
7.00%
PREMISES
12,415 SF
RENEWAL OPTIONS
4 x 5 Year Options
Lease Expiration
11/30/2032
Lease Type
Absolute NNN
RENTAL INCREASES
9% Every 5 Years
BROKERS
Chris Sands
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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