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Child Care

15 Year Absolute Net Lease Preschool and DayCare Facility | Dallas-Fort Worth Metro

602 Castleglen Dr, Garland (Dallas-Fort Worth MSA), TX 75043

Listing Price: $2,975,000

Cap Rate
8.00%
Tenant Name
Castleglen Private School
Years Remaining On Lease
14.9
Gross SF
7,449
Guarantor
Corporate Guarantee
Rentable SF
7,449
Price/Gross SF
$399.38
Lease Type
Absolute Net
Rent Per Square Feet
$31.95

Investment Overview

Garland is a city in the U.S. state of Texas. It is located northeast of Dallas and is a part of the Dallas–Fort Worth metroplex. It is located within Dallas County except for small portions located in Collin and Rockwall Counties. At the 2010 census, the city had a population of 226,876. In 2019, the population rose to 239,928, making it the 93rd-most populous city in the United States of America and the 12th-most populous city in Texas; by 2020, it had a population of 246,018. Garland is the third largest city in Dallas County by population and has access to downtown Dallas via public transportation including two Dart Blue Line stations and buses. In the 2000s, Garland added several notable developments, mostly in the northern portion of the city. Hawaiian Falls waterpark opened in 2003. (Garland formerly had a Wet ‘n Wild waterpark, which closed in 1993). The Garland Independent School District’s Curtis Culwell Center (formerly called the Special Events Center), an arena and conference facility, opened in 2005. Later that year, Firewheel Town Center, a Main Street-style outdoor mall, owned by Simon Property Group, opened in October 2005.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options.
  • Castleglen Private School acts as a Premier Preschool and DayCare Facility.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access & Excellent Visibility w/Daily Traffic Counts Exceeding 37k Vehicles. Immediate Access to/from I-30 (151k+ VPD).
  • Strong Daytime Employment Area - In Close Proximity to Numerous Call Centers, Business Parks, Dealerships and Regional Office Spaces within Walking Distance or a Short Drive.
  • In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Densely Populated Area: Features more than 252k People Residing within a 5-Mile Radius. Garland is one of the Fastest-Growing Regions in the Nation.
  • Adjacent to Albertsons and near Numerous other National Retailers including Walmart Supercenter, Walgreens, Kroger, Northern Tool + Equipment and many more.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Child Care

15 Year Absolute Net Lease Preschool and DayCare Facility | Dallas-Fort Worth Metro

Listing Price: $2,975,000

Cap Rate
8.00%
Tenant Name
Castleglen Private School
Years Remaining On Lease
14.9
Gross SF
7,449
Guarantor
Corporate Guarantee
Rentable SF
7,449
Price/Gross SF
$399.38
Lease Type
Absolute Net
Rent Per Square Feet
$31.95

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options.
  • Castleglen Private School acts as a Premier Preschool and DayCare Facility.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access & Excellent Visibility w/Daily Traffic Counts Exceeding 37k Vehicles. Immediate Access to/from I-30 (151k+ VPD).
  • Strong Daytime Employment Area - In Close Proximity to Numerous Call Centers, Business Parks, Dealerships and Regional Office Spaces within Walking Distance or a Short Drive.
  • In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Densely Populated Area: Features more than 252k People Residing within a 5-Mile Radius. Garland is one of the Fastest-Growing Regions in the Nation.
  • Adjacent to Albertsons and near Numerous other National Retailers including Walmart Supercenter, Walgreens, Kroger, Northern Tool + Equipment and many more.

Investment Overview

Garland is a city in the U.S. state of Texas. It is located northeast of Dallas and is a part of the Dallas–Fort Worth metroplex. It is located within Dallas County except for small portions located in Collin and Rockwall Counties. At the 2010 census, the city had a population of 226,876. In 2019, the population rose to 239,928, making it the 93rd-most populous city in the United States of America and the 12th-most populous city in Texas; by 2020, it had a population of 246,018. Garland is the third largest city in Dallas County by population and has access to downtown Dallas via public transportation including two Dart Blue Line stations and buses. In the 2000s, Garland added several notable developments, mostly in the northern portion of the city. Hawaiian Falls waterpark opened in 2003. (Garland formerly had a Wet ‘n Wild waterpark, which closed in 1993). The Garland Independent School District’s Curtis Culwell Center (formerly called the Special Events Center), an arena and conference facility, opened in 2005. Later that year, Firewheel Town Center, a Main Street-style outdoor mall, owned by Simon Property Group, opened in October 2005.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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