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Kiddie Academy | NNN Lease 9773 Tehama Ridge Pky 12,500 SF Retail Building Fort Worth, TX 76177 $6,844,000 ($547.52/SF) 6.75% Cap Rate
Investment Highlights
- Over 15 Years Remaining | Options To Extend | Scheduled Rental Increases
- Interstate 35W (153,600 VPD) | Several Nearby Schools | Dense Retail Corridor
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Kiddie Academy investment property located in Fort Worth, Texas. The tenant, Kiddie Academy, has over 15 years of initial term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases in years 5, 10, and 15 of the initial term and in each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
12,500 SF
Building Class
B
Year Built
2017
Price
$6,844,000
Price Per SF
$547.52
Cap Rate
6.75%
NOI
$462,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.27 AC
Zoning
E - Neighborhood Commercial
Parking
75 Spaces (6 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Monument Signage
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 10
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Kiddie Academy | NNN Lease | 9773 Tehama Ridge Pky
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