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Childcare Network Child Development Center 6161 Haltom Rd 6,657 SF Retail Building Haltom City, TX 76137 $1,348,000 ($202.49/SF) 6.50% Cap Rate
Investment Highlights
- 2+ Years Remaining | Options To Extend | 260+ Unit Guarantee
- Signalized, Hard-Corner Intersection | Retail Corridor | Haltom High School (2,700+ Students)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Childcare Network by Child Development Schools investment property located in Haltom City, Texas. The tenant, Child Development Schools, Inc. has approximately 2 years remaining on their lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases of the lesser of 10% and 1.25x 5-year CPI at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for an passive investor. The Child Development Schools system is backed by a 260+ unit signature.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,657 SF
Building Class
C
Year Built
1985
Price
$1,348,000
Price Per SF
$202.49
Cap Rate
6.50%
NOI
$87,636
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.77 AC
Zoning
C-3 - Commercial
Parking
22 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 05842506 | Improvements Assessment | $135,509 |
| Land Assessment | $362,279 | Total Assessment | $497,788 |
Property Taxes
Parcel Number
05842506
Land Assessment
$362,279
Improvements Assessment
$135,509
Total Assessment
$497,788
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Childcare Network Child Development Center | 6161 Haltom Rd
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