8801 Ray White Rd Fort Worth, TX 76244-6211
- Day care centers
- 7,600 SF
- 1.11 lot acres
Apr 21, 2025
Current Use by Public Records
- The Goddard School of Fort Worth (Keller) / Preschool / Private Educational Institution
Property Details for 8801 Ray White Rd
- Year built
- 2009
- Lot size
- 1.11 lot acres
- Property size
- 7,600 SF
- Property type
- Day care centers
- APN
- 15658-A-1
- APU
- 15658A1
Description
Exceptional investment opportunity: a 7,600 square foot, fee-simple daycare center in Keller, TX (Fort Worth MSA), currently operating at 100% occupancy under a Net Lease agreement with The Goddard School, a nationally recognized franchise. The property boasts a strong 7.50% cap rate and a substantial NOI of $261,680, based on an asking price of $3,490,000 ($459.21/SF). The lease, with a franchisee tenant, extends until April 29, 2034, providing a remaining term of 9.4 years and includes rent bumps. Built in 2009 on a 1.1-acre lot, this built-to-suit facility has recently undergone a roof replacement. The location is ideal, situated in an affluent Fort Worth suburb with average household incomes exceeding $135,000, and conveniently located near local elementary and middle schools. The Goddard School, ranked #68 in the 2024 Entrepreneur Franchise 500, has a proven track record and serves children aged 6 weeks to 6 years. This presents a compelling investment in a high-demand sector, benefiting from the robust growth of the U.S. childcare market. The property offers limited landlord responsibilities, making it an attractive, low-maintenance investment in a tax-free state.
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
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2733
- Latitude
- 32.9006
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
