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Kiddie Academy
7361 Coit Road, Frisco, TX 75035
$5,580,000
Cap Rate 6.85%
Views: 0 DOM: 125 Updated: 11.30.23 Posted: 07.03.23 Status: Sold 11.06.23
Summary
| Price $5,580,000 | Built/Renov 2019 | Tenant Kiddie Academy |
| Cap Rate 6.85% | Lease Type
NN+ | Guarantor Franchisee |
| Size/SF
10,000
| Lease Start
11-24-2019
| #Units
339
|
| Price/SF $558.00 | Expiration
11-30-2034
| Tenant Type Child Care |
| NOI $382,035 | R. Term 10.11 | Ownership Fee Simple |
| Rent/SF
$38.20
| Increases 2.0%/1/yrs | Pop 5Mi 299,039 |
| Lot/AC 1.47 | Options 3/5yrs/2% | AHHI 5Mi $164,575 |
| | |
Lease Highlights
- Kiddie Academy has 11+ years remaining on the current lease term with 3 (5-year) options to extend
- Lease features 2% annual rental increases
- Favorable NN+ lease with landlord responsible for roof and structure
- Franchisee guaranteed by Kiddie Academy
Location Description
This 10,000 square foot Kiddie Academy is situated on a 1.472 acre lot along Cost Road with access to 21,000 vehicles per day. The site benefits from its close proximity to Lawler Middle School (923 students), Cal and Walt Wester Middle School ( 791 students), and Centennial High School (2,092 students) further increasing consumer draw to the area. Neighboring national/credit tenants include...
...Features
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Oversized lot
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Near major nationals
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Strategically located
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Highway close
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Top 100 MSA
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Strong demographics
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Income tax free state
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Long 10+ yr lease
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Favorable NN+ lease
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Annual rent increases
...
Maps
Tenant
- Tenant: Kiddie Academy
- Guarantor:Franchisee
- Company:Kiddie Academy
- # Units:339
- Stock:Private
About Tenant
Kiddie Academy Educational Child Care is one of the leading childcare franchise providers in the United States. Kiddie Academy is a nationally recognized provider of comprehensive educational...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 20,460 | 131,174 | 353,657 |
| 2023 Total Population : | 17,617 | 118,984 | 332,086 |
| 2023 Employed Civilian Pop : | 9,259 | 62,882 | 175,705 |
| 2023 Total Businesses : | 248 | 2,867 | 11,084 |
| 2023 Average Household Income : | $ 205,356 | $ 168,253 | $ 163,966 |
| 2023 Total Consumer Spending : | $ 903 M | $ 5729 M | $ 16377 M |
| 2023 Median Age : | 35 | 35 | 35 |
| 2023 Total Households : | 5,228 | 40,287 | 118,281 |
| 2023 Pop Age 25+: Bachelor's Degree : | 4,045 | 29,720 | 85,609 |
| 2023 Average Home Value : | $ 569,169 | $ 518,506 | $ 506,522 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Rolater Rd | C G Rolater Rd | 2011 | 8,989 | 0.21 mi |
| Coit Rd | Rosedown Ln | 2011 | 14,550 | 0.33 mi |
| Canoe Rd | Milestone Ridge Dr | 2011 | 2,311 | 0.43 mi |
| Rolater Rd | Independence Pkwy | 2011 | 5,176 | 0.59 mi |
| Co Rd 66 | Ark Rd | 2011 | 8,952 | 0.60 mi |
| College Pkwy | Ohio Dr | 2011 | 5,821 | 0.60 mi |
| Rolater Rd | Handover Dr | 2011 | 9,908 | 0.73 mi |
| Plantation Ln | Lockshire Dr | 2009 | 1,150 | 0.77 mi |
| Coit Rd | Lynchburg Dr | 2011 | 17,979 | 0.81 mi |
| Canoe Rd | Dock St | 2011 | 2,093 | 0.84 mi |
