3550 Clay Mathis Rd, Mesquite, TX 75181
- Day care centers
- 13,078 SF
- 2.01 lot acres
Current Use by Public Records
- Childrens Safari Private School / Daycare Center
Property Details for 3550 Clay Mathis Rd
- Year built
- 2008
- Construction
- FRAME
- Lot size
- 2.01 lot acres
- Zone code
- Z237
- Property type
- Day care centers
- APN
- 380875800B0010000
- APU
- 380875800B0010000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 21, 2023 | — | Childrens Safari Prop LLC | Longkettle LLC | Venders Lien | $2.8M · Pla Services INC |
| Jul 21, 2020 | — | Lawson & Clay Properties LLC | Graham Mtg | Grant Deed · related | — |
| Jun 19, 2007 | — | Longkettle LLC | D Michael Foster | Venders Lien | $2.6M · First Bank Farmersville |
| — | — | Longkettle LLC | — | Loan Modification · related | $2M · Independent Bk |
| — | — | Longkettle INC | — | Loan Modification · related | $1.6M · Independent Bk |
| — | — | Longkettle LLC | — | Loan Modification · related | $2.3M · Independent Bank |
| — | — | Longkettle LLC | — | Deed Of Trust · related | $2.6M · First Bk/farmersville |
Description
This exceptional investment opportunity presents a 13,469 square foot daycare center in Mesquite, TX, boasting a 15-year triple-net (NNN) lease with a corporate guarantee from Fractal Education Group, a rapidly expanding 9-unit operator in Texas. The property, built in 2008 and extensively renovated in 2022, features a two-story indoor play gym, arcade room, and computer lab, attracting a substantial after-school program. Located at 3550 Clay Mathis Road, this center enjoys a prime location within a 5-mile radius of 17 elementary schools, a population of 119,668, and an average household income of $91,606. The 2.01-acre lot houses the largest and highest-revenue childcare center in its immediate area, holding a Texas Rising Star (TRS) 4-star accreditation and operating under the same brand since 2008. The lease includes 3% annual rent bumps and two 5-year renewal options, ensuring long-term stability and significant returns. The asking price is $6,957,864, representing a 6.50% cap rate and a price per square foot of $516.58, with a current NOI of $452,260 and 100% occupancy. The property's proximity to Talia Mesquite, a new master-planned community, and its location 15 minutes east of Dallas and 40 miles from DFW Airport further enhance its investment appeal. This is a secure, high-performing asset with substantial growth potential within a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $650,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,097,000
Market price range: $592k - $1.10M -
Alternative Use
- Use
- Estimation
- COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
- $850,000 Current use
- OFFICE BUILDING
- $1,285,000 Change: +52% Conversion: Difficult
- RETAIL STORES
- $1,050,000 Change: +24% Conversion: Difficult
- MEDICAL BUILDING
- $1,045,000 Change: +23% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Mesquite
- County
- Dallas
- State
- Texas
- Longitude
- -96.5351
- Latitude
- 32.7256
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
