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Views: 185 DOM: 182 Updated: 11.22.24 Posted: 06.04.24 Status: Active

Summary

Price $4,500,000
Built/Renov 2023
Tenant AIM Academy
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 9,951
Lease Start 07-01-2024
#Units 5
Price/SF $452.22
Expiration 06-30-2039
Tenant Type Daycare/Education
NOI $315,000
R. Term 14.7
Ownership Fee Simple
Rent/SF $31.66
Increases 10.0%/5/yrs
Pop 5Mi 83,755
Lot/AC 2.12
Options 2/5yrs/10%
AHHI 5Mi $116,529

Lease Highlights

  • New 2023 construction
  • Brand-new 15-year lease with 2 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

AIM Academy is strategically located on Gunner Lane, with access to 15,470 vehicles passing by daily. The property is adjacent to the Helena Town Center Development, offering proximity to well-known national tenants, including Publix, Little Caesars, O’Reilly Auto Parts, Dollar General, Walgreens, and more. The 5-mile trade area is supported by a population of 83,755 residents with an affluent...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: AIM Academy
  • Guarantor:Corporate
  • Company:AIM Academy
  • # Units:5
  • Stock:Private

About Tenant

Aim Academy is a network of childcare facilities that provide high-quality early care and preschool education to premier, growing communities in Alabama and beyond. They proudly offer childcare...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,963 32,646 88,523
2024 Total Population : 6,631 31,494 85,647
2024 Employed Civilian Pop : 3,424 16,669 45,773
2024 Total Businesses : 147 676 2,667
2024 Average Household Income : $ 142,970 $ 129,782 $ 130,510
2024 Total Consumer Spending : $ 285 M $ 1237 M $ 3532 M
2024 Median Age : 37 37 39
2024 Total Households : 2,308 11,004 31,239
2024 Pop Age 25+: Bachelor's Degree : 1,626 6,964 18,622
2024 Average Home Value : $ 330,430 $ 324,362 $ 343,807
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Coalmont Road Adams St 2021 3,051 0.54 mi
Coalmont Road Fieldstone Dr 2020 3,051 0.54 mi
Helena Rd King St 2018 16,758 0.58 mi
County Road 52 Squire Dr 2021 16,161 0.59 mi
County Road 52 PkLake Trce 2019 17,188 0.59 mi
Helena Road Lake Davidson Ln 2021 15,919 0.59 mi
County Road 17 Cloverleaf Cir 2020 17,619 0.80 mi
County Road 17 Fieldstone Dr 2018 17,979 0.81 mi
County Road 17 Wyndham Pkwy 2021 17,619 0.81 mi
County Road 17 High Grove Pkwy 2014 16,960 0.84 mi

Listing Broker

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