Retail Property for Sale - Pearland, Texas ID: 3617558627

Lee & Associates is pleased to offer for sale the fee simple interest in 12152 Shadow Creek Parkway, in Pearland, Texas. It is a single tenant, single story retail building of 15,832 square feet that is on a single lot totaling 1.5 acres. It is leased to a Texas entity but operated by Kid City USA Enterprises and fully guaranteed by the Corporate offices of Kid City USA Enterprises, Inc. The lease is a 15 year Triple Net lease with approximately 13 years of term remaining. Tenant is responsible all repairs and maintenance on the property, except for the roof, but Landlord’s responsibility for the roof expires at the end of the third year of the lease. The building was built in 2016 and has been occupied by Kid City USA since 2017. Kid City USA (www.kidcityusa.com) is a For Profit childcare/early childhood education provider with approximately 140 locations across the United States. Their business model is primarily franchise based, but they have guaranteed the lease at this location. The business serves children from age 6 months to 12 years with day care and after school programs. Kid City USA has been in business in its current form since 2012 The City of Pearland, Texas located just south of Houston, Texas, is expected to grow from approximately 125,000 people in 2020 to approximately 155,000 people in 2040. The median Household income in Pearland is $112,470.