Cove Texas Net Lease 63 DST
Lewisville, TX
| Asset Class: | Single Tenant Net Lease |
| Leverage: | 0% - All-Cash/Debt-free |
| Location(s): | Lewisville, TX |
| Minimum Investment: | $50,000 |
| Current Distribution: | Monthly/Inquire |
| Offering Type: | DST |
| 1031 Exchange Qualified: | Yes |
Property Description
- All-Cash/Debt-Free offering in Lewisville, TX
- Brand New 20-Year Corporate Backed Net Lease w/ Annual Increases.
- Full Corporate Guarantee for the Duration of the Lease from Higher Ground Education (Parent Company of Guidepost Montessori).
- Higher Ground Education Has Doubled Revenue Each Year Since 2016, Paid Full Rent for all of its Schools Throughout the Pandemic, and Has Seen Enrollments Double Since 2020. HGE was Valued at $250 Million in 2021.
- Higher Ground Education, Inc. is the parent company of Guidepost Montessori, and the guarantor of this property's lease. They are based in Lake Forest, California and have backing from Learn Capital, the largest venture capital group in the educational space.
MSA Details
Lewisville is a dynamic suburban community in the thriving Dallas-Fort Worth Metroplex with an estimated population of 127,008 residents. Lewisville is a significant regional employer used by major corporations for both administrative headquarters and warehousing. With its location just minutes from DFW International Airport, and straddling two major highways, Lewisville is perfectly positioned for easy access to the rest of North Texas. The Dallas-Fort Worth Metroplex is the largest metropolitan area in Texas and the fourth largest in the United States spanning an area of 9,286 square miles with a population of approximately 7.5 million residents. Dallas is a major transportation hub with four major interstate highways converging in the city and a fifth interstate loop around it, a major inland port, railroad lines, the Dallas/Fort Worth International Airport and Dallas Love Field Airport.
Property Highlights
- All-Cash / Debt-Free DST Offering
- Brand New 20-Year Corporate Net Lease with Annual Rental Increases
- Guidepost Montessori has 95+ Locations Nationally and Locations Globally, Growth of 40+ Schools Annually, and Plans to Grow to 500+ Locations by 2026
- Full Corporate Guaranty for the Duration of the Lease from Higher Ground Education (Parent Company of Guidepost Montessori)
- Higher Ground Education Has Doubled Revenue Each Year Since 2016, Paid Full Rent for all of its Schools Throughout the Pandemic, and Has Seen Enrollments Double Since 2020.
Source: Brochure
The market information provided above may not predict the future performance of the property.
*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.
