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Views: 151 DOM: 70 Updated: 11.13.24 Posted: 09.05.24 Status: Active

Summary

Price $7,200,000
Built/Renov 2024
Tenant The Children's Courtyard
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corp Rated
Size/SF 11,265
Lease Start 01-21-2025
#Units 90
Price/SF $639.15
Expiration 01-31-2045
Tenant Type Daycare/Education
NOI $432,000
R. Term 20.2
Ownership Fee Simple
Rent/SF $38.35
Increases 7.5%/5/yrs
Pop 5Mi 64,985
Lot/AC 2.21
Options 3/5yrs/7.5%
AHHI 5Mi $86,332

Lease Highlights

  • Brand new 2024 construction
  • New 20-year lease with 3 (5-year) options to extend
  • The lease features 7.5% rental increases throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

The Children’s Courtyard is strategically located on Boiling Springs Road, with access to 29,800 vehicles passing by daily. The property is surrounded by well-known national tenants, including Target, Chick-fil-A, Lowe’s, Aldi, Walgreens, Starbucks, Harbor Freight, and more. Nearby is the new Essenia Community development that combines multi-family residences, senior living, and mixed-use...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

The Children's Courtyard is a network of early childhood education centers that offer comprehensive childcare and early learning programs for infants, toddlers, preschoolers, and school-age...


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Listing Broker

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