Justin, TX - Kid's Kampus Preschool

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, Kids Kampus Preschool investment property located in Justin, Texas. The tenant, Kids Kampus has over 6 years of lease term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual rental increases equal to the lesser of 2.5% or 1.25x CPI throughout the initial term and throughout 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 a passive investor.

The Kids Kampus Preschool is located near the signalized, hard corner intersection of FM 156 and FM 407 which combine to average 23,100 vehicles passing by daily. FM 156 is the major retail thoroughfare serving the city of Justin. The Kids Kampus is located across from Justin Elementary School. In addition, the subject property is located in close proximity to several new housing development projects including Lennar at Reatta Ridge, M/I Homes the Preserve, Ladera Timberbrook, and Treeline by Tri Pointe Homes. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Anytime Fitness, Taco Bell, Dollar General, Sonic, Domino’s, Pizza Hut, Chicken Express, AutoZone, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 45,900 residents and 8,800 employees with an affluent average household income of $143,060.