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Get In TouchThe Goddard School – Frisco, TX
The Goddard School
3188 Legacy Drive, Frisco, TX 75034, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 9,941 SF The Goddard School NNN Asset Located at 3188 Legacy Drive in Frisco, TX. This Deal Includes a Long-Term 15-Year Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Secured Investment.
- Established in 1988, Goddard Systems, Inc. (GSI) Operates Over 600 Schools Nationwide
- Frisco is One of the Fastest-Growing and Most Affluent Suburbs in the Dallas-Fort Worth Metroplex
- Long-Term 15-Year Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Average Household Income of $177,143 and a Population of 304,545 Residents Within a 5-Mile Radius
- 15 Elementary Feeder Schools Within a 5-Mile Radius
- Adjacent to the Dallas North Tollway, Offering Exceptional Retail Exposure and Ease of Commute
- The Presence of Corporate Campuses (Toyota, FedEx, PGA), Large-Scale Entertainment Venues (Wade Park, Dallas Cowboys’ Stadium), and Mixed-Use Development Continues to Drive Demand For High-Quality Childcare Services in the Area
In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481
The Goddard School
3188 Legacy Drive, Frisco, TX 75034, USA
THE GODDARD SCHOOL
Established in 1988, Goddard Systems, Inc. (GSI), the franchisor of The Goddard School, is the acknowledged leader in the premium early childcare and education market segment. Headquartered in King of Prussia, Pennsylvania, GSI has been consistently named one of the top childcare franchises in the United States by Entrepreneur magazine and one of the Top 200 Franchise Systems (in worldwide sales) by Franchise Times. The Goddard School serves more than 75,000 students from six weeks to six years old in more than 650 Goddard Schools in 37 states and Washington, D.C. The Goddard School is committed to providing and ensuring the highest quality of social and academic experiences for early childhood development. Their F.L.EX. ® (Fun Learning Experience) Learning Program is childfocused and age-appropriate; From Infant and Toddler learning milestones to Enrichment & STEAM for Preschoolers and Kids Club (before & after school). Their 21st-century learning approach prepares them for success in School and in Life.
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Cap Rate: 6.65%
$7,500,000
Available
Price
$7,034,483
Cap Rate
7.25%
PREMISES
9,941 SF
RENEWAL OPTIONS
3 x 5 Year Options
Lease Expiration
07/31/2040
Lease Type
NNN
RENTAL INCREASES
10% Every 5 Years
BROKERS
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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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