3101 10th St - Oh2BKids Learning Center- NNN Investment
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3101 10th St - Oh2BKids Learning Center- NNN Investment
24,024 SF Speciality Building Offered at £824,032 at a 6.50% Net Initial Yield in Wichita Falls, TX 76309
Investment Highlights
- Large 24,2024 sqft building
- 13,000+ sqft vacant/available for use or lease
- 1.67 acre lot
Executive Summary
Great opportunity to buy a Childcare Investment property in Wichita Falls, TX
24,204 sqft Building with about 10,900 sqft leased to a Childcare tenant- Oh2BKids Learning Center.
The tenant has occupied the property since 2016 with current lease ending Jan 2027.
NNN lease backed by tenant personal guarantee.
About 13,000+ sqft of Building space is available for use or lease.
Zoning on the property is MFR- MFR–MULTIFAMILY RESIDENTIAL DISTRICT.
24,204 sqft Building with about 10,900 sqft leased to a Childcare tenant- Oh2BKids Learning Center.
The tenant has occupied the property since 2016 with current lease ending Jan 2027.
NNN lease backed by tenant personal guarantee.
About 13,000+ sqft of Building space is available for use or lease.
Zoning on the property is MFR- MFR–MULTIFAMILY RESIDENTIAL DISTRICT.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£53,578
|
£2.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£53,578
|
£2.23
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £53,578 |
| Annual Per SF | £2.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £53,578 |
| Annual Per SF | £2.23 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £824,032 | Lot Size | 1.67 AC |
| Price Per SF | £34 | Building Size | 24,024 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 6.50% | Year Built | 1969 |
| Property Type | Speciality | Tenancy | Single |
| Property Subtype | Schools | Parking Ratio | 1.26/1,000 SF |
| Building Class | B |
| Price | £824,032 |
| Price Per SF | £34 |
| Sale Type | Investment |
| Net Initial Yield | 6.50% |
| Property Type | Speciality |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 1.67 AC |
| Building Size | 24,024 SF |
| Number of Floors | 1 |
| Year Built | 1969 |
| Tenancy | Single |
| Parking Ratio | 1.26/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 148306 | Improvements Assessment | £288,776 (2024) |
| Land Assessment | £39,853 (2024) | Total Assessment | £328,629 (2024) |
PROPERTY TAXES
Parcel Number
148306
Land Assessment
£39,853 (2024)
Improvements Assessment
£288,776 (2024)
Total Assessment
£328,629 (2024)
zoning
| Zoning Code | MFR (MFR–MULTIFAMILY RESIDENTIAL DISTRICT) |
| MFR (MFR–MULTIFAMILY RESIDENTIAL DISTRICT) |
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3101 10th St - Oh2BKids Learning Center- NNN Investment
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