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29521043
29521044

303 Spruce St, Dickinson, TX 77539

BM
TX 824844
Matthews
AI
TX 678815
Matthews
Listed by Matthews
$2,909,090
128 days on market
Updated 78 days ago

Kid City Childcare | 5-Year Sale Leaseback

Details
APN 5182-0194-0000-001
Property Type Industrial, Retail
Sub Type Day Care/Nursery
Square Footage 20,375
Cap Rate 8.25%
NOI $240,000
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience, KinderCare Learning Center (+1)
Lease Type Absolute NNN
Lease Term 5
Remaining Term 5
Rent Bumps Yes
Lease Options None
Price per SqFt $143
Broker Co-Op Yes
Year Built 2005
Buildings 2
Acreage 2.750
Investment Type Sale/Leaseback
Ownership Fee Simple

High Yield Opportunity | Abs. NNN Lease | Personal Guarantee

Marketing description

This property presents a stabilized childcare real estate investment leased to a long-tenured local operator in the Southeast Houston market. The asset consists of two freestanding buildings that operate as an early-education facility while presenting more like flex or light-industrial space, providing added versatility beyond the current use.

Located in Dickinson, the property benefits from the planned expansion of State Highway 99 (Grand Parkway), which is expected to improve regional connectivity and support continued residential and commercial growth throughout the surrounding corridor.

The offering is structured as a five-year sale-leaseback, delivering in-place income with multiple exit options at lease expiration, including lease renewal, re-tenanting, or repositioning for alternative uses.

Investment highlights

  • Established Childcare Operator with 20+ Years of Experience: The property is leased to a well-established childcare operator with over 20 years of industry experience, serving families throughout the Dickinson and League City communities. The operator provides care across early childhood age groups, fulfilling a critical, non-discretionary need for families within a recession-resistant sector.

    • The operator has built a strong local presence supported by consistent enrollment demand driven by family-oriented residential growth throughout the I-45 South corridor.

  • 5-Year Sale-Leaseback: The offering features a newly executed 5-year sale-leaseback, providing investors stabilized income from day one while allowing the operator to remain in its long-term operating location.

  • Flexible Dual-Building Configuration: The asset consists of two separate freestanding buildings that present as light-industrial or warehouse facilities. This design enhances operational flexibility and materially improves long-term adaptability.

    • At lease expiration, an investor could repurpose one or both buildings for a variety of alternative uses, including light industrial, warehouse, flex space, contractor storage, small-bay distribution, or owner-user occupancy.

  • Growing Southeast Houston Submarket: Located within the expanding Southeast Houston corridor, the property benefits from proximity to I-45, one of Houston’s highest-traffic north/south transportation arteries. The surrounding Dickinson and League City area continues to experience residential growth, commercial expansion, and population inflow, all of which support sustained demand for service-oriented real estate.

  • Infrastructure Expansion: The property benefits from proximity to the $1.96 billion expansion of State Highway 99 (Grand Parkway), which will extend the Grand Parkway through League City and Dickinson. This major infrastructure investment is expected to drive continued residential and commercial development throughout the corridor, with completion targeted for 2031.

  • Growing Early Education Industry: The U.S. childcare industry is valued at approximately $57 billion and is projected to exceed $62 billion over the next five years, driven by demographic trends and workforce participation. Childcare remains an essential service, with roughly one in three families spending over 20% of household income on early education—underscoring the sector’s resilience across economic cycles.

Listing Contacts

BM
TX 824844
Matthews
AI
TX 678815
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$240,000.00
$20,000.00/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Patrick Graham
License
528005, 9005919 (TX)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
2699 Howell St., Suite 400, Dallas, TX 75204
Name
Briggs Mosher
License
824844
Brokerage
Briggs Mosher
Brokerage Address
515 Congress Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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