5330 New Copeland RdTyler, TX 75703

For Sale
$2,455,172
High-return daycare center, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 10,417-square-foot daycare center in Tyler, Texas, currently operating at 100% occupancy. The property, built in 2017 and situated on a 3.12-acre lot at 5330 New Copeland Road, boasts a strong 15-year triple-net (NNN) lease with zero landlord responsibilities, commencing August 16, 2024, and expiring August 31, 2039. The lease includes four 5-year renewal options and features a 10% rent increase every five years. The current asking price is $2,455,172, representing a price per square foot of $235.69 and a compelling 7.25% cap rate. The property generates a substantial net operating income (NOI) of $178,000 annually. The daycare center benefits from its location in a thriving area with an average household income of $98,400 and a population of 102,660 residents within a 5-mile radius. Ten elementary schools are within a 5-mile radius, ensuring a consistent stream of potential clients. The property's proximity to major retailers like Walmart, Target, and Lowe's, as well as Tyler Pounds Regional Airport, further enhances its appeal. The location is less than a two-hour drive from both Dallas and Shreveport, providing access to a larger regional market. Texas's status as an income tax-free state adds to the investment's attractiveness. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential.

Highlights

  • 10,417 SF daycare center in Tyler, TX, 100% occupied.
  • 15-year NNN lease with zero landlord responsibilities, starting August 16, 2024, expiring August 31, 2039, including four 5-year renewal options and 10% rent increases every five years.
  • $2,455,172 asking price, $235.69/SF, 7.25% cap rate, $178,000 annual NOI.
  • Strong demographics: $98,400 average household income and 102,660 residents within a 5-mile radius, with 10 elementary schools nearby.
  • Excellent location near major retailers (Walmart, Target, Lowe's) and Tyler Pounds Regional Airport; less than two hours from Dallas and Shreveport. Texas is an income tax-free state.

Property Details for 5330 New Copeland Rd

Property type
Day care centers & nurseries, Retail properties
Square Feet
10,417 SF
Year Built
2017
Lot Size (sq. ft)
135,907 SF

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.2904573
Longitude
-95.2889554
5330 New Copeland Rd, Tyler, Texas

FAQs

What type of property is this?
Day care center & nursery - High-return daycare center, NNN lease.
Where is the day care center & nursery located?
The property is located at 5330 New Copeland Rd Tyler, TX.
What is the asking price?
The asking price for this property is $2,455,172.
What are key features of this property?
This property features: 10,417 SF daycare center in Tyler, TX, 100% occupied.; 15-year NNN lease with zero landlord responsibilities, starting August 16, 2024, expiring August 31, 2039, including four 5-year renewal options and 10% rent increases every five years.; $2,455,172 asking price, $235.69/SF, 7.25% cap rate, $178,000 annual NOI.
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5330 New Copeland Rd
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