Kiddie Academy

7361 Coit Road, Frisco, TX 75035

$5,580,000

Cap Rate 6.85%

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 Daycare/Education
NOI $382,035	R. Term 9.7	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...

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Key Features

Oversized lot
Near major nationals
Strategically located
Highway close
Top 100 MSA
Strong demographics
Income tax free state
Long 10+ yr lease
Favorable NN+ lease
Annual rent increases

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Links

Kiddie Academy Wikipedia Kiddie Academy Wikipedia Frisco, Texas Zip Code 75035 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

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...

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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

*ESRI data is presented for informational purposes only

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

Listing Broker

Bill Asher

Hanley Investment Group

Contact

151 Listings
26891 Views
75 Sold

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
26176 Views
78 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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