3015 James RdGranbury, TX 76049

For Sale
$1,714,286
High-yield daycare center, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 5,423-square-foot daycare center in Granbury, Texas, boasting a 15-year triple-net (NNN) lease with a prominent operator. The property, built in 1988 and situated on a 0.74-acre lot, enjoys 100% occupancy and generates a substantial net operating income (NOI) of $120,000, representing a 7.00% cap rate. The asking price is $1,714,286, translating to $316.11 per square foot. The lease commenced October 1, 2024, and expires October 31, 2039, with built-in rent bumps of 10% every five years and four 5-year renewal options. The tenant, a well-established daycare provider with over 130 locations, offers a strong personal and corporate guarantee, minimizing landlord responsibilities. Granbury's thriving community, located 35 miles southwest of Fort Worth and an hour from DFW International Airport, features an average household income exceeding $118,000 within a 5-mile radius, and a population of 37,675. The area's robust growth, exceeding national and state averages, is further supported by the presence of major employers such as Lake Granbury Medical Center, Granbury ISD, Hood County Government, Walmart Supercenter, and Baylor Scott & White Health. Four elementary schools are conveniently located within a 5-mile radius, ensuring a consistent demand for childcare services. This property offers a secure, long-term investment with significant upside potential.

Highlights

  • Kid City USA, a well-established daycare operator with over 130 locations and over 20 years in business, is the tenant.
  • Strong personal and corporate guarantee provided by Kid City USA, Inc. minimizes landlord risk.
  • Granbury, TX location is 35 miles southwest of Fort Worth and one hour from DFW International Airport.
  • 15-year triple-net (NNN) lease with zero landlord responsibilities.
  • 5-mile radius boasts $118,156 average household income and 37,675 residents.
  • Granbury's population growth significantly outpaces national and state averages (10-15% vs. 2-3% and 7-9% respectively over the last 5 years).

Property Details for 3015 James Rd

Property type
Day care centers & nurseries, Retail properties
Square Feet
5,423 SF
Year Built
1988
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Granbury
County
Parker
State
Texas
Latitude
32.4397849
Longitude
-97.7045177
3015 James Rd, Granbury, Texas

FAQs

What type of property is this?
Day care center & nursery - High-yield daycare center, strong lease.
Where is the day care center & nursery located?
The property is located at 3015 James Rd Granbury, TX.
What is the asking price?
The asking price for this property is $1,714,286.
What are key features of this property?
This property features: Kid City USA, a well-established daycare operator with over 130 locations and over 20 years in business, is the tenant.; Strong personal and corporate guarantee provided by Kid City USA, Inc. minimizes landlord risk.; Granbury, TX location is 35 miles southwest of Fort Worth and one hour from DFW International Airport.
How can I contact the broker?
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3015 James Rd
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