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Kids 'R' Kids (Homeward Way) - Sugarland, TX 8202 Homeward Way 13,858 SF Retail Building Sugar Land, TX 77479 $5,840,157 ($421.43/SF) 7% Cap Rate
Investment Highlights
- Sale-leaseback backed by a three-unit Kids 'R' Kids Franchisee with significant franchise operating experience
- Located in the high-growth Houston Sugarland submarket with 15% to 20% projected population increases over the next five years.
- Ideally positioned to benefit from sustained demand in Houston, the nation’s second-fastest-growing large city.
- Consistent unit-level EBITDAR growth.
- This deal’s real estate fundamentals are in line with the Houston education net lease market.
- Recent CAPEX was completed across at this location.
Executive Summary
Sands Investment Group is pleased to exclusively present for sale the 13,858 SF Kids ‘R’ Kids facility located at 8202 Homeward Way in Sugar Land, Texas. This offering features a long-term 15-year Absolute Triple Net (NNN) lease with 2% annual rent escalations and four, five-year renewal options, providing a stable and unique investment opportunity.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
13,858 SF
Building Class
B
Year Built
1998
Price
$5,840,157
Price Per SF
$421.43
Cap Rate
7%
NOI
$408,811
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
3.91 AC
Zoning
S
Parking
40 Spaces (2.89 Spaces per 1,000 SF Leased)
Frontage
489’ on Homeward Way
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Kids R Kids
- Educational Services
- 13,858 SF
- $29.50
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Kids R Kids | Educational Services | 13,858 SF | $29.50 | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0016-00-000-0206-907 | Improvements Assessment | $1,477,405 |
| Land Assessment | $601,117 | Total Assessment | $2,078,522 |
Property Taxes
Parcel Number
0016-00-000-0206-907
Land Assessment
$601,117
Improvements Assessment
$1,477,405
Total Assessment
$2,078,522
Contacts
-
Ryan Sompayrac -
Chris Sands -
Clifton McCrory -
John Brown -
Sands Investment Group
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Kids 'R' Kids (Homeward Way) - Sugarland, TX | 8202 Homeward Way
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