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8/26/20
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A single-tenant, early childhood education facility leased to Xplor Preschool traded for $4.1 mil. The 15.3k sf ($268/sf) property sits on 2.1 acres at 4601 Huffines Blvd in Fort Worth, TX.
The property features an absolute triple net lease with a guarantee by Spring Education, a top tier corporate early education operator. At the time of sale, there were approximately 11 years remaining on the lease.
The seller, a Texas-based investment group, was represented by Milo Spector of Stan Johnson Company.. The transaction was sourced off-market and was an all-cash, 1031 exchange.
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