3015 James Rd Granbury, TX 76049
- Day care centers
- 5,423 SF
- 0.74 lot acres
Current Use by Public Records
- Creations Child Care & Learning / Day Care Center
- Escuela / School
Property Details for 3015 James Rd
- Year built
- 1988
- Lot size
- 0.74 lot acres
- Property size
- 5,423 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a 5,423-square-foot daycare center in Granbury, Texas, boasting a 15-year triple-net (NNN) lease with a prominent operator. The property, built in 1988 and situated on a 0.74-acre lot, enjoys 100% occupancy and generates a substantial net operating income (NOI) of $120,000, representing a 7.00% cap rate. The asking price is $1,714,286, translating to $316.11 per square foot. The lease commenced October 1, 2024, and expires October 31, 2039, with built-in rent bumps of 10% every five years and four 5-year renewal options. The tenant, a well-established daycare provider with over 130 locations, offers a strong personal and corporate guarantee, minimizing landlord responsibilities. Granbury's thriving community, located 35 miles southwest of Fort Worth and an hour from DFW International Airport, features an average household income exceeding $118,000 within a 5-mile radius, and a population of 37,675. The area's robust growth, exceeding national and state averages, is further supported by the presence of major employers such as Lake Granbury Medical Center, Granbury ISD, Hood County Government, Walmart Supercenter, and Baylor Scott & White Health. Four elementary schools are conveniently located within a 5-mile radius, ensuring a consistent demand for childcare services. This property offers a secure, long-term investment with significant upside potential.
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
- -97.7045
- Latitude
- 32.4398
