Kids 'R' Kids (Homeward Way) - Sugarland, TX
Kids ‘R’ Kids - Houston MSA | 7.00% CAP | 15-Year ABS NNN Sale Leaseback
Marketing description
Sands Investment Group is pleased to exclusively present for sale the 13,858 SF Kids ‘R’ Kids facility located at 8202 Homeward Way in Sugar Land, Texas. This offering features a long-term 15-year Absolute Triple Net (NNN) lease with 2% annual rent escalations and four, five-year renewal options, providing a stable and unique 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 Sugarland 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 across at this location.
Long-term 15-year Absolute Triple Net (NNN) Leases with 2% annual escalations and four, 5-year renewal options.
There are 10 public elementary schools within a 5-mile radius of this location.
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