Kids 'R' Kids (Crabb River Rd) - Richmond, TX
3-Unit Early Education Portfolio - Houston, TX MSA | 15 Yr ABS NNN Sale-Leasebacks | 7.00% CAP
Marketing description
Sands Investment Group is pleased to exclusively present for sale the 13,666-square-foot Kids ‘R’ Kids facility located at 1250 Crabb River Road in Richmond, Texas. This offering represents a rare opportunity to acquire a Kids ‘R’ Kids sale-leaseback property, backed by an experienced operator with a strong track record in franchise operations, providing a stable and attractive investment opportunity.
Investment highlights
Sale-leaseback backed by a three-unit Kids ‘R’ Kids Franchisee with significant franchise operating experience.
Consistent unit-level EBITDAR growth.
Located in the high-growth Houston Richmond submarket with 15% to 20% projected population increases over the next five years in the surrounding 1, 3, and 5-mile radius, respectively.
This deal’s real estate fundamentals are in line with the Houston education net lease market.
Ideally positioned to benefit from sustained demand in Houston, the nation’s second-fastest-growing large city.
Recent CAPEX was completed at this location.
Long-term 15-year Absolute Triple Net (NNN) Leases with 2% annual escalations and four, 5-year renewal options.
There are 8 public elementary schools within a 5-mile radius of this location.
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