
Kirby Shopping Center
5802 Kirby Drive, Houston, TX, 77005, US
9,159 sf
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant KinderCare Education Facility (the "Tenant") located in El Paso, TX (the "Property" or "Asset"). The KinderCare facility features a newly executed build-to-suit lease with a 15-year primary term and significant 10.00% rent escalations every five years, plus three five-year renewal options. The KinderCare Education LLC banner has been in business for 56 years and is rapidly expanding with 2,000+ locations. This offering presents the opportunity to acquire a new construction asset in an incredibly dynamic growth market and with out-sized rental escalations.
The Asset is located 18 miles from downtown El Paso and adjacent to the I-10 corridor, which sees 114,097 vehicles per day. Situated in the high-growth suburban area southeast of El Paso, TX, the Property benefits from its strategic position in a rapidly expanding residential community with 167,260 people within 5 miles and an impressive $126K average household income within one mile. The Property is situated across from Eastlake High School in an area with strong family demographics (63.5% married couples with children under 18 within 5-mile radius). The asset benefits from its location in a prime residential area with 4,005 households along with a new master planned community coming to Horizon City with expected completion of phase 1 in 2026. With estimated delivery in October of 2025, the 12,000 SF facility will sit on a 1.25-acre parcel.
This offering presents the opportunity to acquire a new construction early childhood education center operated by KinderCare, a leading national provider with over 2,000 childcare centers across 41 states. The investment is positioned to capitalize on Horizon City's projected above-average population growth, family-friendly environment, and planned infrastructure improvements within the greater El Paso metropolitan area of 2.7+ million people.