La Petite Academy - San Antonio, TX
318 W Sunset Rd San Antonio , TX 78209

La Petite Academy - San Antonio, TX - retail for sale

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Overview



 La Petite Academy, a recently renovated freestanding, single-tenant property located in San Antonio, Texas, is up for sale. The property is on an absolute NNN lease to La Petite Academy, Inc. and operates under the parent company of Learning Care Group, the second-largest childcare provider in North America with more than 900 schools across the country. The tenant caters to a wide variety of students ranging from six weeks to 12 years old by offering before and after school care programs, summer camp and educational & recreational facilities. The property was recently remodeled between 2015 and 2017 with a roof replacement, new siding, new interior finishes and a resurfaced parking lot. Located in a densely populated neighborhood less than 7 miles north of Downtown San Antonio, the property possesses strong real estate fundamentals and a long-term intrinsic value.

Investment highlights


  • Operating on an absolute NNN lease, offering a passive investment opportunity with zero landlord responsibilities
  • The Tenant has occupied this location for more than 35 years with 5.25 years of term remaining
  • Situated along Sunset Road in Alamo Heights which has experienced significant redevelopment in recent years
  • Located near four major apartment complexes that contribute to 13,000 immediate clientele 
  • Affluent community with nearly 40,000 households possessing an average household income of $91,506
  • San Antonio has a GDP of $109 billion, marking a 30% increase over the past decade
General
Property type Retail
Tenure type Sale/Purchase
Property address 318 W Sunset Rd, San Antonio, TX 78209-1734
Land in acres 0.54
Building size 5,165  ft2
Year built 1984
Year renovated 2017
Financial
Price $1,378,457
Cap rate 7.00%
Current NOI $96,492.00
Lease
Tenant's name La Petite Academy Inc
Lease type NNN
Annual rent $96,492.00
Lease expiration date 12/31/2024
Remaining term 5.1Yrs

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