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29091912
29091913

6161 Haltom Rd, Haltom City, TX 76137

MK
TX 771801, NV S.0189416.LLC
SRS Real Estate Partners - Global Company
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$1,348,000
150 days on market
Updated 42 days ago

Child Network Child Development Schools

Details
APN 34235-1-1
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 6,657
Cap Rate 6.5%
NOI $87,636
Tenancy Single
Lease Type Absolute NNN
Lease Term 15.2
Lease Expiration 05/31/2027
Remaining Term 1
Rent Bumps Yes
Lease Options 3 (5-Year)
Year Built 1985
Acreage 0.770
Zoning C-3 - Commercial
Parking Spaces 22 spaces
Parking Per SqFt 3.30
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/30/2012
Ownership Fee Simple (Land & Building Ownership)

Retail | 6.50% CAP | 6,657 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Childcare Network by Child Development Schools investment property located in Haltom City, Texas. The tenant, Child Development Schools, Inc. has approximately 2 years remaining on their lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases of the lesser of 10% and 1.25x 5-year CPI at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for an passive investor. The Child Development Schools system is backed by a 260+ unit signature.

The property is located at the signalized, hard corner intersection of Western Center Blvd and Haltom Rd. Western Center Blvd is a major retail thoroughfare serving the city of Haltom City. The site is within walking distance to Fossil Creek Plaza, a shopping center complete with Albertson’s, Family Dollar, and several local tenants. The asset is located in close proximity to John D Spicer Elementary School and Haltom High School, which combine to enroll over 3,000 students. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Home Depot, Kroger, Sam’s Club, Chase Bank, Dutch Bros, Taco Bell, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 308,300 with an average household income of $113,458.

Investment highlights

  • 2+ Years Remaining | Options To Extend | 260+ Unit Guarantee

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Signalized, Hard-Corner Intersection | Retail Corridor |Haltom High School (2,700+ Students)

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

MK
TX 771801, NV S.0189416.LLC
SRS Real Estate Partners - Global Company
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,636.00
$7,303.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Ryan Johnson
License
TX License No. 525292
Brokerage
SRS Real Estate Partners-Southwest, LLC
Title
Broker of Record
Name
Michael Kaplan
License
771801
Brokerage
SRS Real Estate Partners
Brokerage Address
8144 Walnut Hill Lane
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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