Listed by Sands Investment Group
$1,542,738
KinderCare - Grand Prairie, TX
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 4,543
Cap Rate 6.25%
NOI $96,421
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type NNN
Lease Term 15
Lease Expiration 07/10/2039
Remaining Term 13.1
Rent Bumps Yes
Lease Options 1 x 10 Year and 1 x 5 Year Options
Price per SqFt $340
Year Built 1970
Year Renovated 2023
Acreage 1.610
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/11/2024
Ground Lease No
Dallas MSA | KinderCare NNN | 13+ Years | Corporate Guarantee
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 4,543 SF KinderCare located at 615 W Marshall Drive in Grand Prairie, TX. KinderCare is the largest provider of early education and child care in the United States, operating more than 2,700 centers nationwide and benefiting from strong brand recognition and institutional operating experience. This offering includes more than 13+ years remaining on the initial lease term with 2% annual rent escalations, providing stable cash flow and long-term income growth. The property presents a unique investment opportunity backed by a nationally recognized tenant in a strong demographic market.
Investment highlights
- KinderCare is the largest provider of early education and child care, operating more than 2,700 centers nationwide.
- Grand Prairie is a suburb 20 minutes west of Dallas and 30 minutes east of Fort Worth along Interstate 30.
- 10 miles from Dallas Fort Worth International Airport (DFW).
- 13+ years remaining on initial term with 2% annual rent escalations.
- Full site renovation completed in 2023.
- From 2025 - 2028, downtown will continue a phased revitalization to create a more green space, increase walkability and accessibility, and drive new economic development.
- 13 elementary feeder schools within a 5-mile radius.
- Located in an income tax-free state.
- Large employers of Dallas County include Veterans Hospital of North Texas, Amazon, UNT Dallas, AT&T, Lockheed Martin, and Pepsi/Frito-Lay.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,421.00
$8,035.08/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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