loader
Join Free
Views: 75 Updated: 01.09.24 Posted: 07.21.23 Status: Inactive

Summary

Price $3,032,600
Built/Renov 2007
Tenant Lil' Explorers Childcare
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 8,540
Lease Start 02-04-2022
#Units 300
Price/SF $355.11
Expiration 02-28-2037
Tenant Type Daycare/Education
NOI $204,700
R. Term 12.3
Ownership Fee Simple
Rent/SF $23.97
Increases 2.0%/1/yrs
Pop 5Mi 151,222
Lot/AC 3.86
Options 0/0yrs
AHHI 5Mi $104,010

Lease Highlights

  • Lil' Explorers Childcare has over 13 years remaining on its current lease term
  • Lease features 2% annual rental increases throughout the initial term
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

This 8,540 square foot Lil Explorers Childcare is strategically located along Bunker Lake Boulevard seeing over 14,750 vehicles per day. The site benefits from its high visibility location near the signalized intersection of Bunker Lake Blvd NW and Hanson Blvd (35,000 VPD) and its immediate proximity to US Hwy 10 (66,000+ VPD). Neighboring national/credit tenants include Walmart, Target, CVS,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Cadence Education is one of the largest providers of early childhood care in the United States. Cadence Education programs are tailored to each developmental stage in children from six weeks to 12...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,672 53,231 155,186
2023 Total Population : 7,742 53,081 152,786
2023 Employed Civilian Pop : 4,557 28,971 82,232
2023 Total Businesses : 158 1,151 3,349
2023 Average Household Income : $ 150,647 $ 134,767 $ 117,887
2023 Total Consumer Spending : $ 327 M $ 2116 M $ 5654 M
2023 Median Age : 38 39 39
2023 Total Households : 2,579 18,469 56,156
2023 Pop Age 25+: Bachelor's Degree : 1,560 9,248 24,291
2023 Average Home Value : $ 351,873 $ 369,345 $ 347,251
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Bunker Lake Blvd NW Crane St NW 2016 14,100 0.10 mi
Bunker Lake Boulevard Northwest Nightingale St NW 2021 14,845 0.18 mi
Hanson Blvd NW 138th Ln NW 2016 17,500 0.24 mi
Hanson Blvd NW Commercial Blvd NW 2016 21,400 0.25 mi
Station Parkway Northwest Commercial Blvd NW 2018 4,100 0.37 mi
Jay St NW Bunker Lake Blvd NW 2014 5,500 0.38 mi
Jay St NW Bunker Lake Blvd NW 2018 4,100 0.39 mi
Jay St NW 139th Ave NW 2018 5,400 0.41 mi
Commercial Blvd NW Jay St NW 2014 3,250 0.41 mi
Bunker Lake Boulevard Northwest Wintergreen St NW 2018 14,800 0.42 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity