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Views: 39 DOM: 37 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,...

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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: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...


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Listing Broker

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