Current Use by Public Records
- Day care centers
Property Details for 7950 State Hwy
- Year built
- 2024
- Lot size
- 1.40 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,000-square-foot daycare center in Sachse, Texas, within the Dallas MSA. Built in 2024, the property boasts a 15-year net lease with a corporate guarantee from The Learning Experience, a rapidly expanding childcare franchise with over 630 locations nationwide. The lease commenced May 27, 2024, and expires May 31, 2039, offering a substantial remaining lease term of 14.5 years. The property features a 7.15% cap rate and a current net operating income (NOI) of $390,000. Rent increases are structured with a 10% bump every five years, ensuring consistent income growth. The property sits on a 1.4-acre lot and enjoys 100% occupancy. Its strategic location off State Highway 78 (32,370 vehicles per day) is surrounded by residential, retail, and industrial areas, providing excellent visibility and accessibility. Nearby national retailers include Walmart, Lowe's, Sprouts, and many others. The property's proximity to three elementary schools further enhances its appeal. The area demonstrates strong demographics, with an average household income exceeding $161,000 within a one-mile radius, projected to increase significantly in the coming years. This is a rare opportunity to acquire a high-performing, single-tenant net lease property in a thriving market with a strong tenant and significant growth potential. The lease includes two five-year renewal options.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sachse
- County
- Collin
- State
- Texas
- Longitude
- -96.569
- Latitude
- 32.993
