12904 State Highway 155Tyler, TX 75703

For Sale
$305,000

High-yield daycare center, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a thriving, credit-rated First Steps Day Care center in Tyler, Texas. Located at 12904 State Hwy 155, this 2,200 square foot Class B building, constructed in 1999, operates under a Net Lease (NNN) agreement with 100% occupancy. The current lease is a single-tenant arrangement with a strong, credit-rated tenant, providing a stable income stream. The property boasts an impressive 8.11% cap rate, generating a Net Operating Income (NOI) of $24,750 annually, with a price per square foot of $138.64. The asking price is $305,000. The lease includes a renewal option, further securing the investment's long-term viability. The daycare center benefits from a fenced lawn area, providing a safe and nurturing environment for children. The tenant provides annual financial reports and the lease is backed by two personal guarantees. This investment is particularly attractive given the increasing demand for quality childcare and the growing government investment in early childhood education programs. This property offers a compelling combination of strong financial performance and a secure, long-term investment outlook in a growing market.

Highlights

  • NNN Lease.
  • Lease guaranteed by two personal guarantees.
  • Tenant provides annual financial reports.
  • Lease includes a renewal option.
  • Strong demand for quality childcare.
  • Growing government investment in early childhood education.

Property Details for 12904 State Highway 155

Property type
Day care centers & nurseries, Other retail properties
Square Feet
2,200 SF
Class
B
Year Built
1999

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.294041414298
Longitude
-95.348367265957
12904 State Highway 155, Tyler, Texas

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12904 State Highway 155
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