Fort Worth, TX - Kiddie Academy

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Kiddie Academy investment property located in Fort Worth, Texas. The tenant, Kiddie Academy, has over 15 years of initial term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases in years 5, 10, and 15 of the initial term and in each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor.

The Kiddie Academy is located near the intersection of Interstate 35W and Heritage Trace Parkway, which combine to average 174,000 vehicles per day. Interstate 35W is a major retail thoroughfare serving the city of Fort Worth. The subject property is located within 1 mile of Alliance Town Center, which includes major tenants such as DICK’S, Kroger, JCPenney, Best Buy, PetSmart, Ulta, Chick-fil-A, McDonald’s, Olive Garden, and more. The asset is in close proximity to Presidio Towne Crossing, a Costco and Target anchored center with other tenants including At Home, Ross, In-N-Out, Raising Cane’s, and many others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including H-E-B, Hobby Lobby, Outback Steakhouse, Black Bear Diner, Panda Express, and more, further increasing consumer traffic to the site. The subject property is in close proximity to several schools including Lizzie Curtis Elementary, OA Peterson Elementary, Copper Creek Elementary, Bette Perot Elementary, and International Leadership - Keller. The immediate trade area is supported by a population of over 265,100 residents and 63,800 employees within 5 miles and an average household income of $143,222 within 3 miles.

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Listing ID: a28TP000002x5YnYAI