Listed by Trinity Real Estate Investment Services
$4,703,165
Learning Care Group (The Children's Courtyard)
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 10,557
Cap Rate 6.85%
NOI $322,167
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type NN
Lease Term 15.3
Lease Expiration 11/30/2036
Remaining Term 10.5
Rent Bumps Yes
Lease Options Three (3), 5-Year; 7.5%
Price per SqFt $446
Year Built 1996
Acreage 1.960
Investment Type Net Lease
Lease Commencement 08/24/2021
Ground Lease No
Daycare | 6.85% CAP | 10,557 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a The Children's Courtyard in Allen, TX. This property is a Dallas–Fort Worth MSA The Children’s Courtyard with over 10 years remaining on the primary term and built-in 7.5% rent increases every five years.
Property Website: https://trinityreis.com/listing/210-n-alma-dr/
Investment highlights
- Dallas-Fort Worth MSA The Children's Courtyard With 10+ Years Remaining on Primary Term
- Built-In 7.5% Rent Increases Every 5 Years
- Extremely Dense Demographics of 336,000+ Residents in a 5 Mile Radius
- Located Near Highly Trafficked Intersection of Alma Dr and W McDermott Dr With Combined Traffic Counts of 49,000+ Vehicles Daily
- Affluent Suburban 1-Mile Community With Average Household Income of $182,000+
- Situated in a Dense Retail Corridor With Numerous National Tenants Including Kroger, Target, Lowe's, Home Depot, Walmart and More
- Corporately Guaranteed by Learning Care Group, Inc., the 2nd Largest For‑Profit Childcare Company in North America With 1,150+ Locations
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$322,167.00
$26,847.25/mo
Valuation Metrics
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DSCR
6.85%
Cap Rate
6.85%
ROI
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