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7938-7944 Great Northern Blvd
Austin, TX 78757

$15,950,000 USD

Freestanding For Sale  •  35,005 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 35,005 SF
  • Lot Size 2.55 AC
  • Building Class B
  • Year Built 1976
  • Cap Rate 7.50 %
  • Tenancy Single
  • Zoning CS-1, Austin
43 Transit Score
66 Walk Score

Highlights

Relocation Site w/ Proven History and Concept Long Term Corporate Backed Lease Featuring Favorable 2% Annual Rental Increases.
w/ FMV Adjustment for Subsequent Options. Complete 2024 Exterior / Interior Renovation. Subject Property is a Pre-K and Elementary Facility.
Densely Populated & Affluent Area: Average Household Income of 106k+ within a 3-Mile Radius and over 304k People Residing within a 5-Mile Radius.
Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ’s, Business Parks, Regional Office Spaces, Distribution Centers, etc.
High Barrier to Entry Market - Demand for Early Education is Growing Rapidly as around 1.6 Million and 4 Million Students were Enrolled in Pre-K.
Spring Education Group is a Prominent Network of approximately 230 Private Schools, providing a Comprehensive Range of Educational services.
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Spring Education Group Private Prep School 35,005 SF 6/30/2034

Public Transportation

Commuter RailDriveWalkDistance
Austin (Texas Eagle - Amtrak) 13 min - 7.9 mi
AirportDriveWalkDistance
Austin-Bergstrom International 32 min - 19.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 215
Type: Surface
Included in Rent: Yes
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
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