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Views: 44 DOM: 97 Updated: 11.11.24 Posted: 08.08.24 Status: Active

Summary

Price $5,440,000
Built/Renov 2016
Tenant Kid City USA
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 15,832
Lease Start 10-01-2023
#Units 100
Price/SF $343.61
Expiration 10-31-2038
Tenant Type Daycare/Education
NOI $408,000
R. Term 13.11
Ownership Fee Simple
Rent/SF $25.77
Increases 2.0%/1/yrs
Pop 5Mi 220,797
Lot/AC 1.50
Options 2/5yrs/2%
AHHI 5Mi $117,280

Lease Highlights

  • Kid City USA has 13+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Kid City USA is strategically located on Shadow Creek Parkway, with access to 29,650 vehicles passing by daily. The property is within a 5-mile radius of 15 elementary feeder schools and is surrounded by well-known national tenants including Pizza Hut, Arby's, UPS, Sonic, Dollar Tree, and more. Additionally, it is situated 35 miles from George Bush International Airport. The 5-mile trade area...

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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 : 12,354 82,405 226,877
2024 Total Population : 11,998 79,958 218,021
2024 Employed Civilian Pop : 6,448 39,900 107,736
2024 Total Businesses : 363 2,621 4,805
2024 Average Household Income : $ 130,554 $ 136,547 $ 118,118
2024 Total Consumer Spending : $ 498 M $ 3222 M $ 7438 M
2024 Median Age : 35 36 36
2024 Total Households : 4,306 26,905 71,405
2024 Pop Age 25+: Bachelor's Degree : 3,288 15,106 33,143
2024 Average Home Value : $ 370,986 $ 332,618 $ 311,145
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Kirby Drive Kirby Dr 2022 14,620 0.53 mi
Old Airline Rd McHard Rd 2001 40 0.58 mi
Kingsley Drive Crestwind Dr 2019 11,799 0.60 mi
Kingsley Rd 2011 5,790 0.63 mi
Almeda School Road Southbelt Industrial Dr 2022 4,699 0.73 mi
Business Center Drive McHard Rd 2022 14,133 0.95 mi
Shadow Creek Parkway S Hwy 288 2020 29,650 1.11 mi
FM 2234 Shadow Creek Pkwy 2021 32,022 1.11 mi
FM 2234 Shadow Creek Pkwy 2022 28,790 1.11 mi
Almeda School Rd W Riley Rd 2011 2,350 1.30 mi

Listing Broker

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