1425 Memorial Parkway - Schools FOR SALE


Fate, TX 75087
$8,000,000 USD
332-345-4222
1425 Memorial Parkway, Fate, TX for Sale
$8,000,000 USD
Schools - FOR SALE
1/2

1425 Memorial Parkway
Fate, TX 75087


HIGHLIGHTS

  • Corporate Guarantee for Full Term
  • Explosive Residential Growth
  • Affluent Demographics
  • Brand-New Construction

OVERVIEW

SURMOUNT is pleased to present the exclusive listing for a Lightbridge Academy located at 1425 Memorial Parkway, Fate, TX 75087. The site consists of roughly 14,629 rentable square feet of building space on an estimated 1.45-acre parcel of land. This Lightbridge Academy is subject to a 20-year Triple Net (NNN) lease, which will commence 30 Days After Substantial Completion. The current annual rent is $500,000 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$8,000,000 USD

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lightbridge Academy

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

42.18 AC

LAND SF

1,837,329 SF

ZONING

-

APN/PARCEL ID

12849

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.