8749 Vertex Blvd - Amazing Explorers Academy 12,156 SF Specialty Building Offered at $6,995,000 at a 6.20% Cap Rate in Austin, TX 78747

INVESTMENT HIGHLIGHTS

  • Absolute NNN 16 year Lease | +5.3% Rent Bump Year 2 | Annual Rent Increases Thereafter | Est Opening March 2025
  • Only 10 miles from Downtown Austin and Austin-Bergstrom International Airport
  • Highly sought-after Master-Planned community of Goodnight Ranch | 250 Pre-Enrolled Students (Maximum Capacity is 248)
  • Amazing Explorers offers a proprietary STEAM curriculum that integrates science, math, technology and engineering

EXECUTIVE SUMMARY

TREK Investment Group is pleased to offer Amazing Explorers Academy (AEA) Goodnight Ranch in Austin, Texas. This 2024 construction investment property comes with a brand-new absolute NNN 16-year lease with zero landlord responsibilities and features a +5.3% rent bump in year two, in addition to annual rent increases. AEA has 250 pre-enrolled students. Nestled in the prestigious Master-Planned community of Goodnight Ranch, this property is situated amongst retail giants such as CVS, The Home Depot, H-E-B, Starbucks, Walmart, and Sams Club, among others and sits only 10 miles from both Downtown Austin and Austin-Bergstrom International Airport, as well as less than 30 miles from the home of the new, large Samsung Semiconductor plant - a project with an estimated minimum of $17 billion in investment for development along with a potential $192 billion over the next 15 years. Notably, the property benefits from a flourishing affluent community, graced with an impressive average household income of $110,000+ within a 1-mile radius. With a population exceeding 168,000 in a 5-mile radius, the potential customer base is both substantial and promising.

PROPERTY FACTS

Price $6,995,000
Price Per SF $575.44
Sale Type Investment NNN
Cap Rate 6.20%
Property Type Specialty
Property Subtype School
Building Class B
Lot Size 1.47 AC
Building Size 12,156 SF
No. Stories 1
Year Built 2025

PROPERTY TAXES

  • Listing ID: 34543128

  • Date on Market: 1/20/2025

  • Last Updated:

  • Address: 8749 Vertex Blvd, Austin, TX 78747