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Cornerstone Private School 120 S Birmingham St 10,098 SF Retail Building Wylie, TX 75098 $3,351,604 CAD ($331.91 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 5-year lease with two (2) 5-year renewal options
- Personally guaranteed lease from experienced childcare operator
- Building Kidz is an established childcare provider with locations across the United States
- 2.5% annual rent increases throughout base and option terms
- Tenant paying below market rents
- Long operating history in Texas with a strong regional footprint
EXECUTIVE SUMMARY
The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the fee simple interest in Building Kidz, a newly executed net lease investment located at 120 S Birmingham St, Wylie, Texas 75098 (“Subject Property”). The property is a 10,098 square-foot single-tenant childcare facility situated on 1.2 acres in the heart of the fastest growing county in the nation.
The tenant, Building Kidz, has recently executed a brand new 5-year lease with 2.5% annual increases in both the primary term, as well as throughout each of the (2) 5-year option periods. This offering provides both fixed annual rent increases to mitigate against inflation, and also a high probability of future tenant exercised options due to the extensive Tenant Improvements invested.
Located within the rapidly expanding Dallas-Fort Worth metroplex, the property benefits from high-income demographics, strong school district demand drivers, and robust suburban housing growth. The surrounding area has seen a population increase of over 20% in the past decade, further fueling demand for early education and childcare services. This offering presents a rare opportunity to acquire a needs-based net lease asset in one of the most dynamic suburban markets in the nation.
The tenant, Building Kidz, has recently executed a brand new 5-year lease with 2.5% annual increases in both the primary term, as well as throughout each of the (2) 5-year option periods. This offering provides both fixed annual rent increases to mitigate against inflation, and also a high probability of future tenant exercised options due to the extensive Tenant Improvements invested.
Located within the rapidly expanding Dallas-Fort Worth metroplex, the property benefits from high-income demographics, strong school district demand drivers, and robust suburban housing growth. The surrounding area has seen a population increase of over 20% in the past decade, further fueling demand for early education and childcare services. This offering presents a rare opportunity to acquire a needs-based net lease asset in one of the most dynamic suburban markets in the nation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,098 SF
Building Class
B
Year Built
1995
Price
$3,351,604 CAD
Price Per SF
$331.91 CAD
Cap Rate
7.50%
NOI
$251,377 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.75 AC
Zoning
CC, Wylie - Commercial
Parking
10 Spaces (0.99 Spaces per 1,000 SF Leased)
Frontage
154’ on South Birmingham Street
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-3248-000-0010-1 | Improvements Assessment | $1,056,230 CAD |
| Land Assessment | $583,729 CAD | Total Assessment | $1,582,973 CAD |
PROPERTY TAXES
Parcel Number
R-3248-000-0010-1
Land Assessment
$583,729 CAD
Improvements Assessment
$1,056,230 CAD
Total Assessment
$1,582,973 CAD
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Cornerstone Private School | 120 S Birmingham St
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