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Views: 136 DOM: 178 Updated: 11.11.24 Posted: 06.26.24 Status: Active

Summary

Price $5,066,667
Built/Renov 2023
Tenant The Goddard School
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 9,000
Lease Start 10-01-2023
#Units 5
Price/SF $562.96
Expiration 10-31-2038
Tenant Type Daycare/Education
NOI $342,000
R. Term 13.10
Ownership Fee Simple
Rent/SF $38.00
Increases 10.0%/5/yrs
Pop 5Mi 63,905
Lot/AC 4.00
Options 2/5yrs/10%
AHHI 5Mi $70,172

Lease Highlights

  • New 2023 construction
  • The Goddard School has 13+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed lease

Location Description

The Goddard School is strategically located on Hogan Lane, with access to 14,681 vehicles passing by daily. The property is in close proximity to 10 feeder elementary schools within a 5-mile radius and is near the University of Central Arkansas, Hendrix College, and Central Baptist College. Additionally, it is a 10-minute drive from both Baptist Health Medical Center and Conway Medical Center....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: The Goddard School
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:5
  • Stock:Private

About Tenant

Goddard Systems, LLC, the manager of The Goddard School franchise system, is the acknowledged leader in the premium early childcare and education market segment. Goddard has been consistently...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,350 45,757 65,048
2024 Total Population : 5,351 44,903 63,368
2024 Employed Civilian Pop : 3,222 23,500 32,496
2024 Total Businesses : 165 993 2,690
2024 Average Household Income : $ 106,310 $ 87,816 $ 82,345
2024 Total Consumer Spending : $ 190 M $ 1381 M $ 1833 M
2024 Median Age : 37 31 31
2024 Total Households : 2,061 17,817 25,177
2024 Pop Age 25+: Bachelor's Degree : 1,085 6,702 9,260
2024 Average Home Value : $ 305,960 $ 288,758 $ 288,412
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hogan Lane 2019 9,100 0.05 mi
Hogan Lane Hogan Rd 2021 8,900 0.05 mi
College Avenue W Business Dr 2021 4,500 0.33 mi
Hogan Lane Gabrial Dr 2021 9,400 0.42 mi
Hogan Lane Prince St 2021 14,000 0.58 mi
Prince Street Schaefers Ln 2021 9,200 0.67 mi
Reedy Road River Rd 2021 1,100 0.75 mi
Prince Street Chapel Creek Dr 2021 4,700 0.78 mi
PRINCE Four Winds Dr 2021 3,600 0.91 mi
Prince Street Shady Valley Dr 2021 9,800 0.97 mi

Listing Broker

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