The Learning Experience 9225 Hickory Street 10,000 SF Retail Building Frisco, TX 75034 $6,518,519 ($651.85/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Sale-Leaseback
- Attractive Lease Structure
- Seasoned Operator
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for The Learning Experience located at 9225 Hickory Street, Frisco, TX 75035. The site consists of roughly 10,000 rentable square feet of building space on an estimated 1.86-acre parcel of land. The Learning Experience will be subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $440,000 and has scheduled increases of 10.00% Every 5 Years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
C
Year Built
2022
Price
$6,518,519
Price Per SF
$651.85
Cap Rate
6.75%
NOI
$440,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.86 AC
Zoning
F1
Parking
13 Spaces (1.3 Spaces per 1,000 SF Leased)
Frontage
237’ on Preston Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-11579-00A-0040-1 | Improvements Assessment | $1,660,167 |
| Land Assessment | $997,218 | Total Assessment | $2,657,385 |
