7944 Great Northern BlvdAustin, TX 78757

For Sale
$15,950,000

High-yield, net-leased school property.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 35,005-square-foot, Class A, net-leased private pre-K and elementary school in Austin, Texas. Located at 7944 Great Northern Blvd, this property boasts a strong 7.50% cap rate and a substantial net operating income (NOI) of $1,196,121. The property, built in 1976 and extensively renovated in 2024, sits on a 2.55-acre lot and is leased to the Spring Education Group, a prominent network of approximately 230 private schools, under a corporate guarantee. The lease, with a remaining term of 9.6 years expiring June 30, 2034, includes favorable 2% annual rent bumps. The property benefits from its strategic location near major traffic arteries, office and retail corridors, and a densely populated, affluent area with high demand for quality schooling. The surrounding area features a high average household income and significant daytime employment, driven by numerous corporate headquarters, business parks, and other commercial enterprises. This is a high-barrier-to-entry market experiencing robust growth, making this a compelling investment opportunity with long-term stability and potential for appreciation. The property's excellent visibility and easy access from TX State Hwy Loop 1 (162k+ VPD) further enhance its appeal. The Spring Education Group's proven track record and the property's recent renovation contribute to its strong financial performance and long-term prospects. This is a rare chance to acquire a high-quality, net-leased asset in a thriving market.

Property Details for 7944 Great Northern Blvd

Property type
Other specialty properties, Schools
Square Feet
35,005 SF
Class
A
Year Built/Renovated
1976/2024
Lot Size (sq. ft)
111,078 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.363003
Longitude
-97.741857
7944 Great Northern Blvd, Austin, Texas

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7944 Great Northern Blvd
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