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9773 Tehama Ridge Pkwy 12,500 SF Retail Building Fort Worth, TX 76177 $9,917,082 CAD ($793.37 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 16 Years Remaining | NNN Lease
- Exceptional operating history: subject property has over 7 years of operating history as a Kiddie Academy
- 15.5% annual projected growth in a 3-mile radius from 2025-2030
- 10% increase in year 4 | 10% every 5 years after | Two 5-year options with 10% increases
- Top 10 fastest-growing school districts in Texas
- Over 300,000 SF of mixed use development within 1-mile of the property
EXECUTIVE SUMMARY
The tenant recently exercised an early lease extension, demonstrating long-term commitment to the site, which has now operated successfully for more than seven years. The lease includes 10% rent increases every five years and extends through 2041, ensuring strong, predictable income growth.
Situated in the Alliance submarket, one of the fastest-growing areas in the Dallas–Fort Worth MSA, the property benefits from exceptional demographics—over 110,000 residents within three miles and average household incomes exceeding $145,000. This high-income, family-driven market continues to support the childcare sector’s record expansion, making this a premier opportunity to acquire a proven Kiddie Academy asset in a thriving growth corridor.
Situated in the Alliance submarket, one of the fastest-growing areas in the Dallas–Fort Worth MSA, the property benefits from exceptional demographics—over 110,000 residents within three miles and average household incomes exceeding $145,000. This high-income, family-driven market continues to support the childcare sector’s record expansion, making this a premier opportunity to acquire a proven Kiddie Academy asset in a thriving growth corridor.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Day Care Center
Building Size
12,500 SF
Year Built
2017
Price
$9,917,082 CAD
Price Per SF
$793.37 CAD
Cap Rate
6.50%
NOI
$644,582 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.27 AC
Parking
36 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
151’ on Tehama Ridge Pkwy
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42642050 | Improvements Assessment | $2,129,354 CAD |
| Land Assessment | $1,154,388 CAD | Total Assessment | $3,283,743 CAD |
PROPERTY TAXES
Parcel Number
42642050
Land Assessment
$1,154,388 CAD
Improvements Assessment
$2,129,354 CAD
Total Assessment
$3,283,743 CAD
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9773 Tehama Ridge Pkwy
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