2111 HwyGranbury, TX 76049

Property Details for 2111 Hwy

Year built

1988

Lot size

0.87 AC

Property size (Sq ft)

4,509 SF

Property type

Day care centers & nurseries

Property subtype

Retail properties

Description

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.

Location Insight

City

Granbury

County

Parker

State

Texas

Latitude

32.4454

Longitude

-97.7458

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