14450 Marsh Ln Addison, TX 75001-5557

Property Details for 14450 Marsh Ln

Year built

1992

Construction

FRAME

Lot size

1.72 lot acres

Property size

10,641 SF

Zone code

Z137

Property type

Day care centers

APN

10004840011RA0000

APU

10004840011RA0000

Description

Exceptional investment opportunity: a 10,641 square foot, freestanding daycare center in Addison, Texas, is available for purchase at $5,156,000. This property boasts a strong 7.30% cap rate and a substantial net operating income (NOI) of $376,410. The property is situated on a 1.72-acre lot and features a 15-year absolute NNN lease with a highly reputable tenant, Tierra Encantada, a leading early education provider. The lease includes annual rent bumps of 2%, ensuring consistent income growth. Two, 5-year lease options provide additional long-term security. The facility underwent renovations in 2022, and its location within the Dallas-Fort Worth Metroplex, specifically Addison, TX, offers significant advantages. Addison enjoys a large daytime population exceeding 120,000, and the property benefits from an average household income of $126,103 within a 5-mile radius. This prime location, coupled with the tenant's strong reputation and the favorable lease terms, makes this a compelling investment opportunity in a rapidly growing market. The lower per-square-foot rent compared to similar facilities in the area provides an operational advantage, contributing to a sustainable and scalable business model. This is a rare chance to acquire a well-established, high-performing daycare center in a desirable location for under $5.5 million.

Location Insight

City

Addison

County

Dallas

State

Texas

Longitude

-96.8549

Latitude

32.9409

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments