673 NE Alsbury Blvd - Freestanding FOR SALE


Burleson, TX 76028
$1,976,000 USD
214-560-6900
673 NE Alsbury Blvd, Burleson, TX for Sale
$1,976,000 USD
Freestanding - FOR SALE
1/9
null | 8.5% Cap Rate

673 NE Alsbury Blvd
Burleson, TX 76028


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,976,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jags Christian Academy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

GR

APN/PARCEL ID

42166410

ASK ABOUT THIS PROPERTY

Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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