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Views: 39 DOM: 98 Updated: 11.11.24 Posted: 08.08.24 Status: Active

Summary

Price $2,413,333
Built/Renov 1983
Tenant Kid City USA
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 7,883
Lease Start 06-02-2023
#Units 100
Price/SF $306.14
Expiration 06-30-2038
Tenant Type Daycare/Education
NOI $181,000
R. Term 13.7
Ownership Fee Simple
Rent/SF $22.96
Increases 10.0%/5/yrs
Pop 5Mi 170,363
Lot/AC 0.58
Options 4/5yrs/10%
AHHI 5Mi $55,038

Lease Highlights

  • Kid City USA has 13+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate and Personal guarantee

Location Description

Kid City USA is strategically located on Greenwood Drive, with access to 16,432 vehicles passing by daily. The property is positioned across Highway 358 from a high-traffic shopping complex featuring well-known national tenants such as Walmart Supercenter, AMC Theaters, Texas Roadhouse, Homewood Suites, and more. Additionally, it is within a 3-mile radius of several feeder elementary schools,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kid City USA
  • Guarantor:Corporate
  • Company:Kid City USA Enterprises, Inc
  • # Units:100
  • Stock:Private

About Tenant

Kid City USA Enterprises, Inc. is a franchise childcare brand that offers preschool, daycare, and extended before & after school programs. Kid City USA is committed to exceptional childcare and...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,450 77,592 156,697
2024 Total Population : 8,695 79,262 159,870
2024 Employed Civilian Pop : 3,587 34,426 73,712
2024 Total Businesses : 385 2,675 7,963
2024 Average Household Income : $ 57,381 $ 62,482 $ 75,730
2024 Total Consumer Spending : $ 160 M $ 1610 M $ 4123 M
2024 Median Age : 40 38 39
2024 Total Households : 3,044 28,277 60,451
2024 Pop Age 25+: Bachelor's Degree : 470 3,624 12,657
2024 Average Home Value : $ 165,626 $ 196,701 $ 232,623
*ESRI data is presented for informational purposes only

Listing Broker

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