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The Goddard School 6500 E Riverpark Dr 10,396 SF Retail Building Sugar Land, TX 77479 $5,471,578 ($526.32/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- NEW 20-YEAR ABSOLUTE NNN LEASE – The property is secured by a longterm, 20-year lease with zero landlord responsibilities, providing investors with a
- The area has an average household income of over $150,000 within a 1-mile radius, ensuring strong demand for premium childcare services.
- The Goddard School is one of the leading childcare providers in the U.S., known for its strong commitment to educational excellence
- PRIME LOCATION – Located adjacent to the Riverpark Shopping Center, a major retail hub in Sugar Land
- Sugar Land is one of the most sought-after suburbs of Houston, known for its family-friendly environment, excellent schools, and thriving economy.
- Franchise Times ranked Goddard as the highest-ranking childhood provider in 2024 at #63.
EXECUTIVE SUMMARY
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,396 SF
Building Class
B
Year Built
2018
Price
$5,471,578
Price Per SF
$526.32
Cap Rate
6.65%
NOI
$363,860
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.17 AC
Zoning
C - Commercial
Parking
39 Spaces (3.75 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Educational Services
- -
- -
- -
The Goddard School® is a private preschool and early childhood education center with locations across the United States. Their preschool's approach to learning is centered around play-based activities and hands-on experiences, which help children develop a love for learning while building important skills in areas like literacy, math, and social-emotional development. In addition to providing a nurturing and supportive environment for children, The Goddard School also places a strong emphasis on communication and collaboration with parents to support their child's growth and development both inside and outside the classroom. Find the nearest private preschool near you by using their School Locator tool.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Educational Services | - | - | - |
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| West Grand Parkway South | State Hwy 99, SW | 32,268 | 2022 | 0.11 mi |
| West Grand Parkway South | River Falls Dr, W | 31,694 | 2022 | 0.12 mi |
| West Grand Parkway South | River Falls Dr, SW | 33,804 | 2022 | 0.15 mi |
| Grand Pkwy | State Hwy 99, S | 22,695 | 2020 | 0.19 mi |
| Grand Pkwy | Hwy 99, S | 18,999 | 2022 | 0.19 mi |
| Wimberly Canyon Dr | Gable Meadows Dr, SW | 1,188 | 2022 | 0.29 mi |
| Grand Pkwy | 2759 Rd, SW | 17,658 | 2018 | 0.32 mi |
| Greatwood Parkway | Riverbrook Dr, S | 10,809 | 2022 | 0.35 mi |
| Greatwood Pkwy | Riverbrook Dr, S | 11,058 | 2022 | 0.37 mi |
| Greatwood Parkway | Riverbrook Dr, N | 10,486 | 2022 | 0.52 mi |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0049-00-000-1029-901 | Improvements Assessment | $2,011,408 |
| Land Assessment | $508,555 | Total Assessment | $2,519,963 |
PROPERTY TAXES
Parcel Number
0049-00-000-1029-901
Land Assessment
$508,555
Improvements Assessment
$2,011,408
Total Assessment
$2,519,963
MAP
ADDITIONAL PHOTOS
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