Listed by Trinity Real Estate Investment Services
$1,728,575
Child Development Schools (Childcare Network)
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 8,920
Cap Rate 7%
NOI $121,000
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 02/28/2035
Remaining Term 8.7
Rent Bumps Yes
Lease Options Four (4), 5-Year; 10%
Price per SqFt $194
Year Built 2004
Acreage 1.250
Investment Type Net Lease
Lease Commencement 02/07/2020
Ground Lease No
Daycare | 7.0% CAP | 8,920 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Child Development School in Denton, TX. This property is a DFW Metroplex Childcare Network with over 8 years remaining on the current term, ranked in the 94th percentile for brand performance, operating under an absolute NNN lease with zero landlord responsibilities and 10% rent increases every five years.
Property Website: https://trinityreis.com/listing/3812-market-street/
Investment highlights
- DFW Metroplex Childcare Network in Denton, TX With 8+ Years Remaining on Current Term
- Ranked in the 94th Percentile in Brand Performance
- Absolute NNN Lease With Zero Landlord Responsibilities and 10% Rent Increases Every 5 Years
- Conveniently Located off Loop 288 With 26,000+ Vehicles Passing Daily
- 152,000+ Residents Within 5 Miles, Growing Population Supports Consistent Childcare Demand
- Affluent, Growing Trade Area With $101K+ Avg. Household Income Within 5 Miles and 9.10% Projected Growth in 5 Years
- Family-Oriented Trade Area Surrounded by Neighborhoods and Schools, Ideal for Childcare Services
- Located in Denton, County Seat Within DFW Metroplex With 8.1M+ MSA Residents
- Child Development Schools Operates More Than 230 Locations Nationwide
Listing Contacts
Listed by Trinity Real Estate Investment Services
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,000.00
$10,083.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
