Kids R Kids Portfolio – TX

Kids 'R' Kids
1250 Crabb River Road, Sugar Land, TX, USA

Sands Investment Group is pleased to exclusively offer for sale the Kids ‘R’ Kids Portfolio. This three-unit Kids ‘R’ Kids sale-leaseback portfolio features proven operational performance and recent CAPEX across the portfolio. It is supported by 15% to 20% projected population growth within the 1, 3, and 5-mile radius, respectively. The centers are well-positioned to capitalize on demand in the nation’s second-fastest-growing large city. Priced at a 7.00% CAP rate, attractive relative to Houston market comps, this portfolio offers long-term stability through 15-year Absolute Triple Net (NNN) Leases with 2% annual escalations and four, 5-year options.

  • Rare three-unit Kids ‘R’ Kids sale-leaseback portfolio backed by an operator with significant franchise operating experience.
  • Consistent unit-level EBITDAR growth year-over-year for each respective location.
  • Located in high-growth Houston submarkets with 15% to 20%. projected population increases over the next five years in the surrounding 1, 3, and 5-mile radius, respectively.
  • The portfolio’s real estate fundamentals are in line with the Houston education net lease market.
  • Ideally positioned to benefit from sustained demand in Houston, the nation’s second-fastest-growing large city.
  • Recent CAPEX was completed across the entire portfolio.
  • Long-term 15-year Absolute Triple Net (NNN) Leases with 2% annual escalations and four, 5-year renewal options.

 

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

Price

$16,720,600

Cap Rate

7.00%

PREMISES

39,676 SF

RENEWAL OPTIONS

4 x 5 Years

Lease Expiration

15 Years From Close of Escrow

Lease Type

Absolute NNN

RENTAL INCREASES

2% Annually

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