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Views: 16 DOM: 57 Updated: 05.07.24 Posted: 03.21.24 Status: Active

Summary

Price $2,290,000
Built/Renov 1997
Tenant Childtime
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 8,200
Lease Start 01-01-1997
#Units 200
Price/SF $279.27
Expiration 12-31-2029
Tenant Type Daycare/Education
NOI $146,534
R. Term 5.7
Ownership Fee Simple
Rent/SF $17.87
Increases 10.0%/1/yrs
Pop 5Mi 217,057
Lot/AC 1.81
Options 0/0yrs
AHHI 5Mi $103,813

Lease Highlights

  • Childtime has been operating in this location since 1997
  • The tenant has 5+ years remaining on the current lease term
  • The lease features 10% rental escalations throughout the initial term
  • Corporate guaranteed lease

Location Description

Childtime is strategically located on U.S. Highway 287, with access to a substantial daily traffic count of 73,860 vehicles. The property is situated along a retail corridor anchored by Kroger Marketplace, LA Fitness, and Albertsons. Other surrounding national tenants include Chick-fil-A, McDonald's, and Whataburger, among others. The 5-mile trade area is supported by a population of 217,057...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Childtime
  • Guarantor:Corporate
  • Company:Learning Care Group
  • # Units:200
  • Stock:Private

About Tenant

Childtime is an educational daycare company, offering programs that range from infant care to school-age clubs. Childtime's homelike setting and safe, secure environment make Childtime centers...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 13,916 79,953 217,579
2023 Total Population : 14,009 79,152 215,340
2023 Employed Civilian Pop : 7,535 42,989 111,679
2023 Total Businesses : 214 2,136 7,314
2023 Average Household Income : $ 107,736 $ 122,299 $ 108,487
2023 Total Consumer Spending : $ 478 M $ 3058 M $ 7122 M
2023 Median Age : 38 41 38
2023 Total Households : 5,199 29,329 76,351
2023 Pop Age 25+: Bachelor's Degree : 2,739 17,379 37,270
2023 Average Home Value : $ 314,881 $ 336,775 $ 307,787
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Myers Rd Elrod Dr 2000 7,804 0.09 mi
Garden Cors Woodsetter Ln 2000 6,329 0.10 mi
W Kennedale Sublett Rd Fernwood Dr 2012 18,843 0.14 mi
Hwy 287 W Sublett Rd 2004 13,460 0.22 mi
US Hwy 287 W Sublett Rd 2004 6,287 0.22 mi
W Sublett Rd W Kennedale Sublett Rd 2009 13,350 0.25 mi
Hwy 287 W Sublett Rd 2004 4,399 0.26 mi
W Sublett Rd Hwy 287 2004 7,330 0.32 mi
Willow Tree Dr Willow View Dr 2004 710 0.32 mi
Hwy 287 Falcon River Way 2004 3,079 0.34 mi

Listing Broker

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