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.