2111 HwyGranbury, TX 76049

For Sale
$2,185,714
High-yield daycare, 15-year lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 4,509 square foot daycare center in Granbury, Texas, currently operating under a 15-year triple net (NNN) lease with a prominent tenant, Kid City USA. The lease commenced October 1st, 2024, and expires October 31st, 2039, offering a substantial remaining term of 15 years. The property boasts a 7.00% cap rate and a strong net operating income (NOI) of $153,000. The asking price is $2,185,714, translating to a price per square foot of $484.74. Located at 2111 East U.S. Highway 377, Granbury, TX 76049, this single-tenant property sits on a 0.87-acre lot and was built in 1988. The lease includes 10% rent bumps every five years, and four 5-year lease options are available. The property benefits from a 100% occupancy rate and is situated in a high-growth area, with Granbury experiencing population growth significantly exceeding national and state averages over the past five years. The surrounding area features a high average household income of $118,583 and a population of 46,524 within a 5-mile radius, supported by nine elementary feeder schools within the same radius. The property's location along Highway 377 ensures high visibility within a major commercial corridor. This investment offers a secure and profitable opportunity with minimal landlord responsibilities due to the NNN lease structure and the tenant's strong financial backing.

Highlights

  • Kid City USA, a national tenant with over 130 locations and 20+ years in business.
  • Strong personal and corporate guarantees from Kid City USA, Inc.
  • Excellent location in Granbury, TX, 35 miles southwest of Fort Worth and one hour from DFW Airport.
  • 15-year triple-net (NNN) lease with zero landlord responsibilities.
  • High-visibility location on Highway 377, a major commercial thoroughfare.
  • Strong demographics: $118,583 average household income and 46,524 residents within a 5-mile radius.

Property Details for 2111 Hwy

Property type
Day care centers & nurseries, Retail properties
Square Feet
4,509 SF
Year Built
1988
Lot Size (sq. ft)
37,897 SF

Location Insight

City
Granbury
County
Parker
State
Texas
Latitude
32.4453884
Longitude
-97.7457608
2111 Hwy, Granbury, Texas

FAQs

What type of property is this?
Day care center & nursery - High-yield daycare, 15-year lease, strong tenant.
Where is the day care center & nursery located?
The property is located at 2111 Hwy Granbury, TX.
What is the asking price?
The asking price for this property is $2,185,714.
What are key features of this property?
This property features: Kid City USA, a national tenant with over 130 locations and 20+ years in business.; Strong personal and corporate guarantees from Kid City USA, Inc.; Excellent location in Granbury, TX, 35 miles southwest of Fort Worth and one hour from DFW Airport.
How can I contact the broker?
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2111 Hwy
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