8801 Ray White RdFort Worth, TX 76244

Property Details for 8801 Ray White Rd

Year built

2009

Lot size

1.11 AC

Property size (Sq ft)

7,600 SF

Property type

Day care centers & nurseries

APN

15658-A-1

APU

15658A1

Description

Exceptional investment opportunity: a 7,600 square foot, fee-simple daycare center in Keller, TX (Fort Worth MSA), currently operating at 100% occupancy under a Net Lease agreement with The Goddard School, a nationally recognized franchise. The property boasts a strong 7.50% cap rate and a substantial NOI of $261,680, based on an asking price of $3,490,000 ($459.21/SF). The lease, with a franchisee tenant, extends until April 29, 2034, providing a remaining term of 9.4 years and includes rent bumps. Built in 2009 on a 1.1-acre lot, this built-to-suit facility has recently undergone a roof replacement. The location is ideal, situated in an affluent Fort Worth suburb with average household incomes exceeding $135,000, and conveniently located near local elementary and middle schools. The Goddard School, ranked #68 in the 2024 Entrepreneur Franchise 500, has a proven track record and serves children aged 6 weeks to 6 years. This presents a compelling investment in a high-demand sector, benefiting from the robust growth of the U.S. childcare market. The property offers limited landlord responsibilities, making it an attractive, low-maintenance investment in a tax-free state.

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.9006

Longitude

-97.2733

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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