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Views: 31 DOM: 41 Updated: 09.12.24 Posted: 08.08.24 Status: Active

Summary

Price $1,406,896
Built/Renov 1987/2000
Tenant Kid City USA
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,000
Lease Start 02-01-2024
#Units 100
Price/SF $351.72
Expiration 01-31-2039
Tenant Type Daycare/Education
NOI $102,000
R. Term 14.4
Ownership Fee Simple
Rent/SF $25.50
Increases 10.0%/5/yrs
Pop 5Mi 6,911
Lot/AC 0.40
Options 3/5yrs/10%
AHHI 5Mi $62,680

Lease Highlights

  • Kid City USA has 14+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate and Personal guarantee

Location Description

Kid City USA is strategically located on Main Street, with access to 3,100 vehicles passing by daily. It is the only daycare center within a 10-mile radius, catering to three nearby elementary schools. The surrounding area features well-known national tenants such as Walmart, Dollar General, CVS Pharmacy, Walgreens, Food Lion, and more. Additionally, the site is conveniently situated 40...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kid City USA
  • Guarantor:Corporate
  • Company:Kid City USA Enterprises, Inc
  • # Units:100
  • Stock:Private

About Tenant

Kid City USA Enterprises, Inc. is a franchise childcare brand that offers preschool, daycare, and extended before & after school programs. Kid City USA is committed to exceptional childcare and...


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Listing Broker

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