Haltom City, TX - Child Development Schools

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Childcare Network by Child Development Schools investment property located in Haltom City, Texas. The tenant, Child Development Schools, Inc. has approximately 2 years remaining on their lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases of the lesser of 10% and 1.25x 5-year CPI at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for an passive investor. The Child Development Schools system is backed by a 260+ unit signature.

The property is located at the signalized, hard corner intersection of Western Center Blvd and Haltom Rd. Western Center Blvd is a major retail thoroughfare serving the city of Haltom City. The site is within walking distance to Fossil Creek Plaza, a shopping center complete with Albertson’s, Family Dollar, and several local tenants. The asset is located in close proximity to John D Spicer Elementary School and Haltom High School, which combine to enroll over 3,000 students. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Home Depot, Kroger, Sam’s Club, Chase Bank, Dutch Bros, Taco Bell, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 308,300 with an average household income of $113,458.