5900 Windhaven Pky Local commercial 999 m² À vendre Plano, TX 75093

REALESTATE.HOLDINGS proudly presents an exclusive opportunity for qualified investors to acquire 5900 Windhaven Parkway (“Property”), a 10,755 SF daycare property on an estimated 1.89-acre parcel of land in the city of Plano, Texas.

This is an opportunity for investors to acquire an infill purpose-built daycare facility that will include an institutional national credit tenant, The Learning Experience (“TLE”), with a new long-term net lease which has a fifteen (15) year primary term and two (2) five-year renewal options with rent escalation bumps of ten percent (10%) that occur every five years. The lease is further enhanced with a corporate guarantee. The initial 15 year lease term includes a strong rental rate of $48 PSF per year, plus expense reimbursements as further defined by the lease. The annual rent will be ~$516K and has scheduled increases of 10% every five years.
The Property is being offered unpriced. Please contact the listing broker, Joel Pickens, for further details.
The Property is currently a successful daycare in operation since 1999, which will help TLE to ramp up. The daycare, Palm Grove Montessori Academy, will continue to operate as an ongoing daycare in advance of commencing the tenant improvements and delivery to TLE. The TLE lease will commence upon close of escrow. The Palm Grove Montessori Academy is in great condition and has recently had various improvements to the interior and exterior in the form of new paint, as well various remodeled and renovated rooms including the reception area, meeting rooms and admin offices. Utilities and landscaping have also been improved.

The Property is prominently located at the southeast signalized hard corner of Parkwood and Windhaven, which is one block east of the Dallas North Tollway, and is across the street from the fully entitled 142-acre, $750M mixed-use development known as Haggard Farms that is now underway. Stillwater Capital is the developer. The Haggard Farms project enhances the value of the Property because the new development will bring 800 new residential units, 650,000 SF of office space and 200,000 SF of retail space, which will translate into thousands of jobs and residence which will soon be within walking distance of the Property, making the Property the go-to daycare facility for children and their families for generations to come. The retail portion of the project is a joint venture between Stillwater and The Retail Connection LP.

The strong desirability of the Property’s location is enhanced further by the high visibility and convenient ingress and egress with dual curb cut access to both Parkwood and Windhaven. Further, the successful history of the Property as an established daycare facility since its inception in 1999 ensures the attractiveness and ongoing success of the Property as its current highest and best use.