120 S Birmingham St - Schools FOR SALE


Wylie, TX 75098- Downtown Wylie
$2,484,000 USD
859-907-2006
120 S Birmingham St, Wylie, TX for Sale
$2,484,000 USD
Schools - FOR SALE
1/13
null | 7.25% Cap Rate

120 S Birmingham St
Wylie, TX 75098
Downtown Wylie


HIGHLIGHTS

  • Brand new 5-year lease with two (2) 5-year renewal options
  • 2.5% annual rent increases throughout base and option terms
  • Personally guaranteed lease from experienced childcare operator
  • Tenant paying below market rents
  • Building Kidz is an established childcare provider with locations across the United States
  • Long operating history in Texas with a strong regional footprint

OVERVIEW

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the fee simple interest in Building Kidz, a newly executed net lease investment located at 120 S Birmingham St, Wylie, Texas 75098 (“Subject Property”). The property is a 10,098 square-foot single-tenant childcare facility situated on 1.2 acres in the heart of the fastest growing county in the nation. The tenant, Building Kidz, has recently executed a brand new 5-year lease with 2.5% annual increases in both the primary term, as well as throughout each of the (2) 5-year option periods. This offering provides both fixed annual rent increases to mitigate against inflation, and also a high probability of future tenant exercised options due to the extensive Tenant Improvements invested. Located within the rapidly expanding Dallas-Fort Worth metroplex, the property benefits from high-income demographics, strong school district demand drivers, and robust suburban housing growth. The surrounding area has seen a population increase of over 20% in the past decade, further fueling demand for early education and childcare services. This offering presents a rare opportunity to acquire a needs-based net lease asset in one of the most dynamic suburban markets in the nation.

FOR SALE DETAILS

PRICE

$2,484,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cornerstone Private School

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

CC, Wylie

APN/PARCEL ID

R-3248-000-0010-1

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.