Child Care
Spring Education Group Private Prep School | Austin | Relocation Site - 2024 Complete Renovation
7944 Great Northern Blvd, Austin, TX 78757
Listing Price: $15,950,000
Investment Overview
Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most populous city in the United States, the fourth-most-populous city in Texas, and the second-most-populous state capital city (after Phoenix, Arizona). It has been one of the fastest growing large cities in the United States since 2010. Austin is the southernmost state capital in the contiguous United States and is considered a “Beta -” global city as categorized by the Globalization and World Cities Research Network. Emerging from a strong economic focus on government and education, since the 1990s Austin has become a center for technology and business. A number of Fortune 500 companies have headquarters or regional offices in Austin, including 3M, Advanced Micro Devices (AMD), Amazon, Apple, Facebook, NXP semiconductors, Google, IBM, Intel, Oracle, Texas Instruments, and Whole Foods Market. Dell’s worldwide headquarters is located in the nearby suburb of Round Rock. With regard to education, Austin is the home of the University of Texas at Austin, which is one of the largest universities in the U.S. and is attended by over 50,000 students.
Investment Highlights
- Relocation Site w/ Proven History and Concept Long Term Corporate Backed Lease Featuring Favorable 2% Annual Rental Increases throughout the Initial Term and First Option.
- w/ FMV Adjustment for Subsequent Options. Complete 2024 Exterior / Interior Renovation. Subject Property is a Pre-K and Elementary Facility.
- Spring Education Group is a Prominent Network of approximately 230 Private Schools, providing a Comprehensive Range of Educational services from Infant Care through High School.
- Strategically Positioned near Major Traffic, Office & Retail Corridor. Features Easy Access & Excellent Visibility in Close Proximity from the TX State Hwy Loop 1 (162k+ VPD).
- Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants.
- High Barrier to Entry Market - Demand for Early Education is Growing Rapidly as around 1.6 Million and 4 Million Students were Enrolled in Prekindergarten and Kindergarten Respectively in 2023.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $106k within a 3-Mile Radius and over 304k+ People Residing within a 5-Mile Radius.
- Immediate Area Experiencing Major Growth: The Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, & Numerous Amenities Including Parks, and More. High Demand for Quality Schooling. Paragon Prep Private School has been a Leader since 1997 Providing Quality Education and Care to Children in Brentwood, Tarrytown, Mueller and Lakeside Communities.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Financing By
Child Care
Spring Education Group Private Prep School | Austin | Relocation Site - 2024 Complete Renovation
Listing Price: $15,950,000
Investment Highlights
- Relocation Site w/ Proven History and Concept Long Term Corporate Backed Lease Featuring Favorable 2% Annual Rental Increases throughout the Initial Term and First Option.
- w/ FMV Adjustment for Subsequent Options. Complete 2024 Exterior / Interior Renovation. Subject Property is a Pre-K and Elementary Facility.
- Spring Education Group is a Prominent Network of approximately 230 Private Schools, providing a Comprehensive Range of Educational services from Infant Care through High School.
- Strategically Positioned near Major Traffic, Office & Retail Corridor. Features Easy Access & Excellent Visibility in Close Proximity from the TX State Hwy Loop 1 (162k+ VPD).
- Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants.
- High Barrier to Entry Market - Demand for Early Education is Growing Rapidly as around 1.6 Million and 4 Million Students were Enrolled in Prekindergarten and Kindergarten Respectively in 2023.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $106k within a 3-Mile Radius and over 304k+ People Residing within a 5-Mile Radius.
- Immediate Area Experiencing Major Growth: The Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, & Numerous Amenities Including Parks, and More. High Demand for Quality Schooling. Paragon Prep Private School has been a Leader since 1997 Providing Quality Education and Care to Children in Brentwood, Tarrytown, Mueller and Lakeside Communities.
Investment Overview
Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most populous city in the United States, the fourth-most-populous city in Texas, and the second-most-populous state capital city (after Phoenix, Arizona). It has been one of the fastest growing large cities in the United States since 2010. Austin is the southernmost state capital in the contiguous United States and is considered a “Beta -” global city as categorized by the Globalization and World Cities Research Network. Emerging from a strong economic focus on government and education, since the 1990s Austin has become a center for technology and business. A number of Fortune 500 companies have headquarters or regional offices in Austin, including 3M, Advanced Micro Devices (AMD), Amazon, Apple, Facebook, NXP semiconductors, Google, IBM, Intel, Oracle, Texas Instruments, and Whole Foods Market. Dell’s worldwide headquarters is located in the nearby suburb of Round Rock. With regard to education, Austin is the home of the University of Texas at Austin, which is one of the largest universities in the U.S. and is attended by over 50,000 students.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments