Press Releases
Marcus & Millichap Announces Sale of Net-Lease Childcare Facility in Keller, Texas
April 22, 2025
KELLER, Texas, April 22, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased childcare facility occupied by The Goddard School.
“We saw strong investor interest in this asset due to its below-replacement cost pricing, high-performing location, and tenancy by a nationally recognized early education brand,” said Dominic Sulo, senior managing director investments. “Texas’s income tax-free environment and strong local demographics further enhanced the appeal.”
Sulo, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller. Tim Speck is the firm’s broker of record in Texas.
The property is located at 8801 Ray White Road in Keller, Texas, approximately 13 miles south of downtown Fort Worth. The 7,600-square-foot childcare facility sits on 1.1 acres and was built in 2009 as a build-to-suit for The Goddard School, the nation’s largest for-profit early education franchise. The school, which serves children from 6 weeks to 6 years old, has operated for more than 30 years and was ranked No. 68 on the 2024 Entrepreneur Franchise 500. Surrounded by local elementary and middle schools, the site benefits from strong area demographics, with an average household income of more than $135,000 within a one-mile radius.
“We saw strong investor interest in this asset due to its below-replacement cost pricing, high-performing location, and tenancy by a nationally recognized early education brand,” said Dominic Sulo, senior managing director investments. “Texas’s income tax-free environment and strong local demographics further enhanced the appeal.”
Sulo, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller. Tim Speck is the firm’s broker of record in Texas.
The property is located at 8801 Ray White Road in Keller, Texas, approximately 13 miles south of downtown Fort Worth. The 7,600-square-foot childcare facility sits on 1.1 acres and was built in 2009 as a build-to-suit for The Goddard School, the nation’s largest for-profit early education franchise. The school, which serves children from 6 weeks to 6 years old, has operated for more than 30 years and was ranked No. 68 on the 2024 Entrepreneur Franchise 500. Surrounded by local elementary and middle schools, the site benefits from strong area demographics, with an average household income of more than $135,000 within a one-mile radius.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
