Highlights
-Deal Structure: •Newly executed 5-year lease with two (2) 5-year renewal options •2.5% annual rent escalations throughout both the base and option terms •Lease personally guaranteed by an experienced childcare operator -Tenant Strength & Sector: •Tenant currently paying below-market rent •Building Kidz is an established childcare operator with multiple locations nationwide •Longstanding presence in Texas with a strong regional footprint •Childcare is a needs-based sector that remains resilient through economic cycles -Wylie Location: •Collin County is one of the five fastest-growing counties in the U.S. •Median household income exceeds $107,416 within a 10-mile radius •Wylie has experienced 15.5% population growth since 2020 due to suburban DFW expansion •Surrounded by residential neighborhoods and close to schools and higher education institutions -Texas Market: •Business-friendly environment with no state income tax •Dallas-Fort Worth continues to see population growth, job creation, and new development
Description
The Ficke Team of Colliers is excited to offer qualified investors the chance to acquire the fee simple interest in Building Kidz, a newly executed net lease property at 120 S Birmingham St, Wylie, Texas 75098. This 10,098-square-foot single-tenant childcare facility sits on 1.2 acres in the heart of the nation’s fastest-growing county. The tenant, Building Kidz, recently signed a new 5-year lease featuring 2.5% annual rent increases during both the primary term and each of the two 5-year renewal options. This structure provides predictable annual rent growth to protect against inflation, while the extensive tenant improvements enhance the likelihood of the tenant exercising renewal options. Situated within the rapidly growing Dallas-Fort Worth metro area, the property benefits from affluent demographics, strong demand from local school districts, and significant suburban housing growth. The surrounding population has increased over 20% in the past decade, driving demand for early education and childcare services. This represents a rare opportunity to invest in a needs-based net lease asset in one of the nation’s most dynamic suburban markets.
Listing Details
- Cap Rate
7.25%
- Tenancy
Single
- Space Type
retail
- Sub Category
child-care-day-care
- Date Listed
9/8/2025
- Ownership Info
Fee Simple
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$180,080
- Net Rentable
10,098 SF
Property Specifics
- Property Name
Building Kidz Daycare
- Property Class
A
- No of Buildings
1
- No of Stories
1
- Year Built
1998
- Lot Size
1.2 AC
- APN
R-3248-000-0010-1
- Occupancy
100%