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Views: 55 DOM: 117 Updated: 11.11.24 Posted: 08.08.24 Status: Active

Summary

Price $3,552,370
Built/Renov 1983/2024
Tenant Childcare Network
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 9,151
Lease Start 11-16-2024
#Units 233
Price/SF $388.19
Expiration 11-30-2039
Tenant Type Daycare/Education
NOI $239,785
R. Term 15.0
Ownership Fee Simple
Rent/SF $26.20
Increases 6.0%/5/yrs
Pop 5Mi 201,309
Lot/AC 1.48
Options 3/5yrs/6%
AHHI 5Mi $72,420

Lease Highlights

  • Brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 6% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Childcare Network is strategically located at the hard corner intersection of NW 41st Street and N MacArthur Blvd, with access to a combined daily traffic count of 21,276 vehicles. The property is within a 2-mile radius of 8 elementary feeder schools and 5 miles from a major retail hub featuring well-known national tenants such as Sam's Club, Target, Lowe's, Home Depot, Academy Sports +...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Childcare Network
  • Guarantor:Corporate
  • Company:Childcare Network Inc.
  • # Units:233
  • Stock:Private

About Tenant

Founded in 1988, Childcare Network is the 4th largest for-profit childcare organization in North America. With 233 schools in 10 states, they are the leading early care and preschool education...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 12,994 104,456 205,783
2024 Total Population : 12,883 103,438 201,937
2024 Employed Civilian Pop : 6,658 53,844 108,984
2024 Total Businesses : 651 4,648 11,183
2024 Average Household Income : $ 67,115 $ 71,764 $ 84,655
2024 Total Consumer Spending : $ 287 M $ 2680 M $ 6360 M
2024 Median Age : 34 35 36
2024 Total Households : 4,811 41,948 84,822
2024 Pop Age 25+: Bachelor's Degree : 1,301 12,595 32,022
2024 Average Home Value : $ 266,693 $ 226,589 $ 272,243
*ESRI data is presented for informational purposes only

Listing Broker

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