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Kid City USA 303 Spruce St 20,375 SF Retail Building Dickinson, TX 77539 $2,909,090 ($142.78/SF) 8.25% Cap Rate
Investment Highlights
- Established Childcare Operator with 20+ Years of Experience: The property is leased to a well-established childcare operator with over 20 years.
- Flexible Dual-Building Configuration: The asset consists of two separate freestanding buildings that present as light-industrial or warehouse.
- The property benefits from proximity to the $1.96 billion expansion of State Highway 99 (Grand Parkway).
- 5-Year Sale-Leaseback: The offering features a newly executed 5-year sale leaseback, providing investors stabilized income from day one.
- Located within the expanding Southeast Houston corridor, the property benefits from proximity to I-45, one of Houston’s highest-traffic arteries.
Executive Summary
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
Kid City is committed to exceptional childcare and early childhood education in a homelike environment. Kid City is a place “Where Kids Can ‘BEE’ Kids”. They are committed to providing families with a safe, healthy, structured environment filled with love and encouragement. Their program works diligently to develop the social, emotional, cognitive, physical and character development of each individual child. They respect the uniqueness of each family’s customs and beliefs. Kid City does not discriminate against anyone (child or adult, staff or parent) based on sex, age, religion, natural origin, race, marital status, physical or mental disability, or veteran status. They practice an open-door policy and encourage parents to “bee” an active part in their children’s learning and development process.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 5182-0194-0000-001 | Improvements Assessment | $2,284,500 |
| Land Assessment | $108,280 | Total Assessment | $2,392,780 |
Property Taxes
Presented by
Kid City USA | 303 Spruce St
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