Kiddie Academy

7255 Canyon Falls Drive, Northlake, TX 76226

$5,340,000

Cap Rate 6.50%

Views: 45 DOM: 118 Updated: 05.06.24 Posted: 01.20.24 Status: Active

Summary

Price $5,340,000	Built/Renov 2023	Tenant Kiddie Academy
Cap Rate 6.50%	Lease Type NN+	Guarantor Franchisee
Size/SF 11,968	Lease Start 07-10-2023	#Units 339
Price/SF $446.19	Expiration 07-31-2040	Tenant Type Daycare/Education
NOI $347,072	R. Term 16.2	Ownership Fee Simple
Rent/SF $29.00	Increases 2.0%/2/yrs	Pop 5Mi 45,904
Lot/AC 1.41	Options 3/5yrs/2%	AHHI 5Mi $155,153

Lease Highlights

Brand-new 2023 construction
Kiddie Academy has 16 years remaining on the current lease term with 3 (5-year) options to extend
Lease features 2% annual rental increases throughout the initial term and each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

Kiddie Academy is strategically located on Canyon Falls Drive, benefiting from its direct adjacency to a future medical building that is currently under construction, as well as several other planned buildings. The property is conveniently surrounded by several master-planned communities, such as Harvest, Canyon Falls, Pecan Square and various educational institutions. Furthermore, the area is...

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Key Features

New construction
Build to suit
Strategically located
Freeway close
Top 100 MSA
Income tax free state
Long 15+ yr lease
Favorable NN+ lease
Annual rent increases
Corporate Guarantee

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Links

Kiddie Academy Wikipedia Kiddie Academy Wikipedia Northlake, Texas Zip Code 76226 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Kiddie Academy
Guarantor:Franchisee
Company:Kiddie Academy
# Units:339
Stock:Private

About Tenant

Kiddie Academy Educational Child Care is one of the leading childcare franchise providers in the United States. Kiddie Academy is a nationally recognized provider of comprehensive educational...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,047	16,665	74,151
2023 Total Population :	4,132	12,591	60,246
2023 Employed Civilian Pop :	2,371	7,198	33,220
2023 Total Businesses :	26	232	1,569
2023 Average Household Income :	$ 197,478	$ 175,898	$ 169,847
2023 Total Consumer Spending :	$ 219 M	$ 619 M	$ 2946 M
2023 Median Age :	45	42	39
2023 Total Households :	1,332	4,177	20,371
2023 Pop Age 25+: Bachelor's Degree :	1,103	3,349	15,693
2023 Average Home Value :	$ 513,030	$ 533,906	$ 546,712

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Cleveland Gibbs Rd	FM 1171	2009	1,190	0.89 mi
Stonecrest Rd	Hwy 377	2009	740	1.04 mi
Cross Timbers Road	Hwy 377	2020	13,306	1.09 mi
Cross Timbers Road	FM 1171	2021	17,483	1.09 mi
US Highway 377	Dunham Rd	2021	12,458	1.10 mi
US Highway 377	Dunham Rd	2020	10,534	1.10 mi
Cleveland Gibbs Rd	I- 35 W	2009	30	1.16 mi
Dunham Road	Cross Timbers Rd	2021	442	1.25 mi
	I- 35 W	2021	12,549	1.29 mi
Dunham Rd	Cross Timbers Rd	2009	340	1.30 mi

Listing Broker

Bill Asher

Hanley Investment Group

Contact

117 Listings
5271 Views
50 Sold

Jeff Lefko

Hanley Investment Group

Contact

115 Listings
5139 Views
54 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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