loader
Join Free
Views: 35 DOM: 30 Updated: 11.11.24 Posted: 10.15.24 Status: Active

Summary

Price $1,714,286
Built/Renov 1988
Tenant Kid City USA
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,423
Lease Start 10-01-2024
#Units 130
Price/SF $316.11
Expiration 10-31-2039
Tenant Type Daycare/Education
NOI $120,000
R. Term 14.11
Ownership Fee Simple
Rent/SF $22.13
Increases 10.0%/5/yrs
Pop 5Mi 37,675
Lot/AC 0.74
Options 4/5yrs/10%
AHHI 5Mi $118,156

Lease Highlights

  • Brand new 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong personal and corporate guarantee by Kid City USA, Inc

Location Description

Kid City USA is strategically located on James Road, surrounded by notable national retailers such as Kroger, O'Reilly Auto Parts, AutoZone, Family Dollar, and more. Additionally, 4 elementary feeder schools are within a 5-mile radius of the subject property. Key employers anchor the area, including Lake Granbury Medical Center, Granbury Independent School District, Hood County Government,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kid City USA
  • Guarantor:Corporate
  • Company:Kid City USA Enterprises, Inc
  • # Units:130
  • 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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity