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The Goddard School: 15-Year Absolute NNN 193 E Fantinel Dr

8,875 SF Retail Building Tontitown, AR 72762 $5,869,000 ($661/SF) 6.85% Cap Rate

Investment Highlights

  • Long-Term Absolute Triple Net Lease with Strong Rental Growth: 15-Year Lease, Zero Landlord Responsibilities
  • State-of-the-Art Facility: Class-A, Brand-New Construction Build-to-Suit
  • University of Arkansas - Just 25 minutes from Walmart’s New World Headquarters
  • The Goddard School is the Largest & Most Awarded Early Childhood Education Provider: 600+ Locations Nationally
  • High-Growth Northwest Arkansas (NWA) Metro: Home to several high-profile Fortune 500 Companies
  • Strong Demographics: $133,000 1-Mile AHHI and 55% Population Growth in Last Decade within a 3-Mile Radius

Executive Summary

Pegasus Investments Real Estate Advisory Inc. and Flake & Company, LLC, as exclusive investment sales advisors to Seller, are pleased to offer the opportunity to acquire the fee simple interest (land & building) in a Goddard School located in Springdale, Arkansas (the “Property”). Springdale is part of the rapidly expanding Northwest Arkansas MSA, which includes Bentonville, Fayetteville, and Rogers, and is home to Walmart’s Corporate Headquarters and several other Fortune 500 companies.
The Property is leased on a 100% absolute triple net (NNN) basis to a strong multi-unit operator (the “Tenant”). Goddard School (“Goddard”) is a best-in-class early childhood education network with over 600+ locations in the USA. The large, 1.2-acre parcel and 8,875 SF building provide operational efficiencies for the Tenant and attractive fungibility for investors within the early childhood education market.
The Property is located within one of the fastest-growing pockets of Springdale, which has experienced 55% population growth in the last decade within a 3-mile radius. Further, it is surrounded by robust demographics, with an average annual household income of $133,000 within a 1-mile radius.
Further, the Property’s central location is close to many of the region’s large corporate employers, the University of Arkansas, and significant cultural institutions. Springdale is ranked the 7th Best Place to Live in the USA (U.S. News & World Report) due to its high quality of life, exceptional job market, and low cost of living. The region is well-positioned to continue its path of unprecedented growth, underscoring the Property’s robust real estate fundamentals.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
8,875 SF
Building Class
B
Year Built
2024
Price
$5,869,000
Price Per SF
$661
Cap Rate
6.85%
NOI
$402,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
1.03 AC
Zoning
C-2 - General Commercial
Parking
19 Spaces (2.14 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Arvest Bank
Centennial Bank
HOTWORX
Harps Food
Burn Boot Camp
7 Brew Coffee
Bank OZK
Buffalo Wild Wings
Tacos 4 Life
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
830-37866-000
Land Assessment
$35,240
Improvements Assessment
$187,900
Total Assessment
$223,140
  • Listing ID: 32594784

  • Date on Market: 7/26/2024

  • Last Updated:

  • Address: 193 E Fantinel Dr, Tontitown, AR 72762

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