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Views: 80 DOM: 138 Updated: 11.17.24 Posted: 07.18.24 Status: Active

Summary

Price $1,995,000
Built/Renov 1988
Tenant Childtime
Cap Rate 6.29%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 7,230
Lease Start 10-24-2013
#Units 200
Price/SF $275.93
Expiration 10-31-2028
Tenant Type Daycare/Education
NOI $125,481
R. Term 3.11
Ownership Fee Simple
Rent/SF $17.36
Increases 0.0%/0/yrs
Pop 5Mi 99,247
Lot/AC 1.58
Options 3/5yrs
AHHI 5Mi $132,835

Lease Highlights

  • Childtime has 3+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features CPI rental increases no greater than 10% at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Childtime is strategically located on Industrial Park Circle, with access to 17,000 vehicles passing by daily. The property is conveniently situated off US Hwy 301 and is surrounded by well-known national tenants, including Big Lots, Dollar Tree, Advance Auto Parts, Harbor Freight, Rainbow, and more. Key community educational institutions in the vicinity include Benjamin Stoddert Middle...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Childtime
  • Guarantor:Corp Rated
  • Company:Learning Care Group
  • # Units:200
  • Tenant S&P: B
  • Moody’s: B3

About Tenant

Childtime is an educational daycare company, offering programs that range from infant care to school-age clubs. Childtime's homelike setting and safe, secure environment make Childtime centers...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,758 69,939 104,521
2024 Total Population : 8,789 68,261 99,384
2024 Employed Civilian Pop : 4,513 36,392 52,239
2024 Total Businesses : 714 2,829 3,516
2024 Average Household Income : $ 117,192 $ 134,679 $ 141,404
2024 Total Consumer Spending : $ 337 M $ 2927 M $ 4350 M
2024 Median Age : 37 37 38
2024 Total Households : 3,297 24,982 35,475
2024 Pop Age 25+: Bachelor's Degree : 975 9,482 13,965
2024 Average Home Value : $ 320,263 $ 409,575 $ 425,604
*ESRI data is presented for informational purposes only

Listing Broker

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