2111 Hwy Granbury, TX 76049
- Day care centers
- 4,509 SF
- 0.87 lot acres
Current Use by Public Records
- Day care centers
Property Details for 2111 Hwy
- Year built
- 1988
- Lot size
- 0.87 lot acres
- Property size
- 4,509 SF
- Property type
- Day care centers
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Granbury
- County
- Parker
- State
- Texas
- Longitude
- -97.7458
- Latitude
- 32.4454
