Listed by Summit Real Estate
$4,465,000
Children Of America
Details
APN 9964-05-224-0094-914
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 10,000
Net Rentable (SqFt) 10,000
Cap Rate 6.50%
NOI $290,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2038
Remaining Term 12.5
Rent Bumps Yes
Lease Options 2 x 5-Year Options
Class A
Year Built 2023
Lot Size (SqFt) 84,506
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2023
Ground Lease No
Absolute NNN | 12+ Year Term | 2% Annual Increases
Marketing description
General
Investment highlights
- Children of America has Committed to a 15-Year Absolute NNN Lease (Zero Landlord Responsibilities) and Two 5-Year Renewal Options, Ensuring Long-Term Tenancy
- Lease Includes 2% Annual Rent Increases, Providing Consistent Compounding Income Growth
- Corporate Guarantee by Children of America, a Proven, Quality- Focused National Brand with Over 65 Locations Across 18 States and 25+ Years of Operating History
- Located Along FM 1463 in the Rapidly Expanding Katy/Fulshear Corridor, Surrounded by Master-Planned Communities and Top Schools
- Strong Demand Drivers for Childcare | Large Average Household Sizes (3.5 People) with Consumer Spending on Education and Daycare in the Area Exceeds $46M annually
- Brand-New 2023 Construction on a 1.91-Acre Site, Built to Suit COA’s Preferred Prototype
- Surrounding National Retailers Include H-E-B, Chase Bank, Sonic, Jack in the Box, MOD Pizza, Valvoline, Dunkin Donuts, Pet Supplies Plu
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$290,000.00
$24,166.67/mo
Valuation Metrics
0
DSCR
6.49%
Cap Rate
6.49%
ROI
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