18303 Davenport RdDallas, TX 75252

Property Details for 18303 Davenport Rd

Year built

1983

Lot size

0.95 AC

Property size (Sq ft)

11,736 SF

Zone code

CR

Property type

Commercial real estate

APN

R-1304-00M-001A-1

APU

R130400M001A1

Description

This exceptional investment opportunity presents a 10,532-square-foot daycare center in Dallas, TX, at 18303 Davenport Road, 75252. The property boasts a strong 7.00% cap rate and a long-term, absolute triple-net (NNN) lease with 12.2 years remaining until the first option period. The lease commenced January 28, 2022, and expires January 31, 2037, with four 5-year renewal options, featuring 2% annual rent bumps and a 10% increase every five years during option periods. The tenant, Nest Schools, is a nationally recognized operator with 46 existing locations and plans for significant expansion. The property benefits from a corporate and personal guarantee, ensuring financial stability. Built in 1983 and renovated in 2023, this single-tenant property sits on a 1.3-acre lot and enjoys 100% occupancy, generating a net operating income (NOI) of $264,943. The property's location is advantageous, situated within a thriving community with an average household income of $131,440 and a population of 142,991 within a 3-mile radius. Furthermore, its proximity to numerous feeder elementary schools (15+ within a 5-mile radius) and the Dallas-Fort Worth International Airport (a 25-minute drive) enhances its appeal. The asking price is $3,784,900, translating to a price per square foot of $359.37. Dallas, the largest metropolitan area in Texas, offers the added benefit of being an income tax-free state. This is a rare opportunity to acquire a secure, high-performing asset in a rapidly growing market.

• Alternative Use

  Use

  Valuation

  Residential

  $2,958,349

  Hospitality

  $2,709,832

  Educational

  $2,254,548

  Medical

  $2,332,086

  Retail

  $3,507,075

Location Insight

City

Dallas

County

Collin

State

Texas

Latitude

33.0017

Longitude

-96.7936

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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