3099 Frankford RdDallas, TX 75287

For Sale
$5,765,143

High-ROI Daycare, 20-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity: a newly constructed, 10,089-square-foot Class A daycare center in North Dallas, Texas. Located at a prominent hard corner on Frankford Rd and President George Bush Turnpike, this single-tenant property boasts a 20-year net-lease with The Learning Experience, commencing October 18, 2024, and expiring October 31, 2044. The property sits on a 1.28-acre lot within a densely populated area featuring high average household incomes exceeding $124,000 within a three-mile radius. The location benefits from exceptional traffic counts exceeding 142,000 vehicles daily. Built in 2024, this one-story building is zoned for Planned Development and offers a strong NOI of $403,560, resulting in a 7.00% cap rate and an asking price of $5,765,143. The surrounding area has a highly educated population, with 46.7% of residents aged 25 and older holding a Bachelor's degree or higher. This presents a compelling investment opportunity with significant long-term potential. The property is situated in a thriving residential area with 157,526 people within a three-mile radius and 30,262 within one mile.

Highlights

  • $5,765,143 asking price for a Class A, 10,089 SF retail property.
  • NN lease with The Learning Experience (daycare) for a 20-year term commencing October 18, 2024.
  • 7.00% cap rate with a $403,560 NOI.
  • Located on a 1.28-acre lot at a prominent intersection in North Dallas (3099 Frankford Rd, Dallas, TX 75287), with high traffic counts.
  • Strong demographics, including high household incomes and education levels within a three-mile radius.

Property Details for 3099 Frankford Rd

Property type
Day care centers & nurseries, Other retail properties
Square Feet
10,089 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
55,757 SF

Location Insight

City
Dallas
County
Denton
State
Texas
Latitude
32.997086361443
Longitude
-96.860662848289
3099 Frankford Rd, Dallas, Texas

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3099 Frankford Rd
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