Investment Highlights

LONG-TERM GUARANTEED SINGLE TENANT NET LEASE WITH ANNUAL RENTAL INCREASES
» Long-term net lease
» Annual rental increases, providing a hedge against inflation
» Lease guaranteed by Bright Horizons Children’s Centers LLC (Rated “B+“ by S&P)
» Building was built in 2013 to tenant’s unique specifications

LOCATED IN THE RAPIDLY GROWING AUSTIN MSA
» Round Rock is part of the Austin MSA, which is the 29th largest metropolitan area in the United States
» Forbes continues to rate the Austin MSA as one of the fastest-growing markets in the United States
» The Austin MSA is defined by stunning growth, lower business and living costs, and a youthful, well-educated workforce

HIGH-VISIBILITY LOCATION IN A DENSELY POPULATED AREA
» Excellent visibility to 13,809 vehicles per day on Wyoming Springs Drive
» Nearby access to Interstate 35 (221,229 AADT) and Texas 45 Frontage Road (112,434 AADT)
» Adjacent to St. David’s Round Rock Medical Center (169 beds) and 12 medical offices
» 212,178 residents live within five miles of the site with a projected 14 percent growth by 2026

AFFLUENT COMMUNITY WITH HIGH DEMAND FOR CHILD CARE AND EARLY EDUCATION
» Extremely affluent area, with an average household income of $145,294 within one mile and average household incomes exceeding $114,000 within a three and five-mile radius, significantly higher than national averages
» Located in Fern Bluff neighborhood, a family-oriented community with 274 homes
» Within walking distance to exemplary ranked Fern Bluff Elementary School (609 students)
» Numerous educational institutions located within a two-mile radius of the site providing a strong customer base

Property Description

SOLD

The subject property is located along Wyoming Springs Road less than three miles west of Downtown Round Rock. It benefits from excellent visibility and access along Wyoming Springs Road, which experiences an annual average daily traffic count of 13,809 vehicles in front of the site. There is a large concentration of comprehensive medical facilities near the property including Wyoming Springs Medical Center, St. David’s Round Rock Medical Center, and Wyoming Springs Assisted Living and Memory Care. There are also numerous educational institutions in the immediate area: Round Rock High School (3,607 students), Chisholm Trail Middle School (887 students), Brushy Creek Elementary School (724 students), CD Fulkes Middle School (770 students), Round Rock Christian Academy (454 students), and Fern Elementary School (616 students) are all located within a two-mile radius from the subject property.

The property is located near major employers such as the Round Rock Independent School District and St. David’s Round Rock Medical Center. The proximity provides support for Guidepost Montessori’s child education services. In addition to the medical and educational institutions in the area, there are several well-established local and national retailers. CVS Pharmacy and Walgreens occupy the corner parcels at the intersection of Wyoming Springs Drive and North FM 620 a block south of the subject property. H-E-B, L.A. Fitness, Supercuts, and Starbucks is less than a mile southwest of the property along North FM 620. The area is extremely affluent with an average household income of $145,294 within a one-mile radius. The area’s stability is attributed to the robust demographics with 212,178 residents living within a five-mile radius and a projected 14 percent increase by 2026.