5330 New Copeland Rd Tyler, TX 75703-3901

Property Details for 5330 New Copeland Rd

Year built

1961

Lot size

3.12 lot acres

Property size

1,682 SF

Property type

Investment properties

Property subtype

Live-work space

APN

1-00000-0636-00-004010

APU

100000063600004010

Description

This exceptional investment opportunity presents a 10,417-square-foot daycare center in Tyler, Texas, currently operating at 100% occupancy. The property, built in 2017 and situated on a 3.12-acre lot at 5330 New Copeland Road, boasts a strong 15-year triple-net (NNN) lease with zero landlord responsibilities, commencing August 16, 2024, and expiring August 31, 2039. The lease includes four 5-year renewal options and features a 10% rent increase every five years. The current asking price is $2,455,172, representing a price per square foot of $235.69 and a compelling 7.25% cap rate. The property generates a substantial net operating income (NOI) of $178,000 annually. The daycare center benefits from its location in a thriving area with an average household income of $98,400 and a population of 102,660 residents within a 5-mile radius. Ten elementary schools are within a 5-mile radius, ensuring a consistent stream of potential clients. The property's proximity to major retailers like Walmart, Target, and Lowe's, as well as Tyler Pounds Regional Airport, further enhances its appeal. The location is less than a two-hour drive from both Dallas and Shreveport, providing access to a larger regional market. Texas's status as an income tax-free state adds to the investment's attractiveness. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential.

Location Insight

City

Tyler

County

Smith

State

Texas

Longitude

-95.2886

Latitude

32.2906

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments