8801 Ray White RdFort Worth, TX 76244

For Sale
$3,490,000

7,600 SF Net Lease Daycare, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity: a 7,600 square foot, fee-simple daycare center in Keller, TX (Fort Worth MSA), currently operating at 100% occupancy under a Net Lease agreement with The Goddard School, a nationally recognized franchise. The property boasts a strong 7.50% cap rate and a substantial NOI of $261,680, based on an asking price of $3,490,000 ($459.21/SF). The lease, with a franchisee tenant, extends until April 29, 2034, providing a remaining term of 9.4 years and includes rent bumps. Built in 2009 on a 1.1-acre lot, this built-to-suit facility has recently undergone a roof replacement. The location is ideal, situated in an affluent Fort Worth suburb with average household incomes exceeding $135,000, and conveniently located near local elementary and middle schools. The Goddard School, ranked #68 in the 2024 Entrepreneur Franchise 500, has a proven track record and serves children aged 6 weeks to 6 years. This presents a compelling investment in a high-demand sector, benefiting from the robust growth of the U.S. childcare market. The property offers limited landlord responsibilities, making it an attractive, low-maintenance investment in a tax-free state.

Highlights

  • 7,600 SF fee-simple daycare center in Keller, TX (Fort Worth MSA) with a 7.50% cap rate and $261,680 NOI.
  • Net lease with The Goddard School, a nationally recognized franchise, through April 29, 2034 (9.4 years remaining).
  • Located in an affluent area with average household incomes exceeding $135,000, near local schools.
  • Built-to-suit in 2009, recently underwent roof replacement.
  • The Goddard School, ranked #68 in the 2024 Entrepreneur Franchise 500, serves children aged 6 weeks to 6 years.
  • Strong investment opportunity in a high-demand sector, with limited landlord responsibilities and located in a tax-free state.

Property Details for 8801 Ray White Rd

Property type
Day care centers & nurseries, Other retail properties
Square Feet
7,600 SF
Year Built
2009
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.9005488
Longitude
-97.27354
8801 Ray White Rd, Fort Worth, Texas

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8801 Ray White Rd
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