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303 Spruce St, Dickinson, TX, 77539

Kid City USA
$2,909,090

Key Information

Cap Rate
8.25%
Lot Size
2.75 Acres
Year Built
2005
Term Remaining
±5 YRS
Type
Retail
NOI
$240,000
Leasable Area
20,375

Highlights

  • Established Childcare Operator with 20+ Years of Experience: The property is leased to a well-established childcare operator with over 20 years of industry experience, serving families throughout the Dickinson and League City communities.
    • The operator provides care across early childhood age groups, fulfilling a critical, non-discretionary need for families within a recession-resistant sector.
    • The operator has built a strong local presence supported by consistent enrollment demand driven by family-oriented residential growth throughout the I-45 South corridor.
  • 5-Year Sale-Leaseback: The offering features a newly executed 5-year sale leaseback, providing investors stabilized income from day one while allowing the operator to remain in its long-term operating location.
  • Flexible Dual-Building Configuration: The asset consists of two separate freestanding buildings that present as light-industrial or warehouse facilities. This design enhances operational flexibility and materially improves long-term adaptability.
    • At lease expiration, an investor could repurpose one or both buildings for a variety of alternative uses, including light industrial, warehouse, flex space, contractor storage, small-bay distribution, or owner-user occupancy.
  • Growing Southeast Houston Submarket: Located within the expanding Southeast Houston corridor, the property benefits from proximity to I-45, one of Houston’s highest-traffic north/south transportation arteries. The surrounding Dickinson and League City area continues to experience residential growth, commercial expansion, and population inflow, all of which support sustained demand for service-oriented real estate.
  • Infrastructure Expansion: The property benefits from proximity to the $1.96 billion expansion of State Highway 99 (Grand Parkway), which will extend the Grand Parkway through League City and Dickinson.This major infrastructure investment is expected to drive continued residential and commercial development throughout the corridor, with completion targeted for 2031.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225