142 Mccormick Rd Oak Point, TX 75068

This exceptional investment opportunity presents a brand-new, 10,472-square-foot Goddard School located at 142 McCormick Rd, Oak Point, TX 75068. Built in 2024, the property boasts a 15.1-year triple-net (NNN) lease with a prominent childcare franchise, Goddard Systems, Inc., eliminating landlord responsibilities. The lease commenced September 1st, 2024, and expires September 30th, 2039, with a remaining term of 14.9 years. The lease includes annual rent bumps of 2%, ensuring consistent income growth. Three five-year lease options further enhance the long-term security of this investment. The property sits on a 1.6-acre lot and commands a price per square foot of $700.28, with an asking price of $7,333,333 and a current cap rate of 6.75%. The property currently enjoys 100% occupancy, generating a net operating income (NOI) of $495,000. Strategically located in the rapidly growing Oak Point area, just 25 miles north of Dallas-Fort Worth International Airport (DFW) and 40 miles from downtown Dallas, the property benefits from high visibility on US Highway 380/E University Drive, experiencing over 37,000 vehicles per day. The surrounding area is undergoing significant development, including a planned expansion of 400 acres for residential, retail, commercial, parks, and open space. The strong demographics include an average household income of $131,466 and a population of 121,407 within a 5-mile radius, supported by seven elementary feeder schools within the same proximity. This presents a secure, high-return investment with significant long-term potential.