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Views: 64 DOM: 98 Updated: 11.11.24 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 14.2
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 increases every 5 years 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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 1,037 3,210 7,010
2024 Total Population : 1,018 3,151 6,890
2024 Employed Civilian Pop : 536 1,713 3,559
2024 Total Businesses : 35 110 214
2024 Average Household Income : $ 58,783 $ 63,407 $ 71,844
2024 Total Consumer Spending : $ 21 M $ 72 M $ 189 M
2024 Median Age : 42 45 49
2024 Total Households : 404 1,283 2,948
2024 Pop Age 25+: Bachelor's Degree : 53 272 911
2024 Average Home Value : $ 361,413 $ 322,148 $ 384,775
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Chestnut Street Eastatoe St 2021 1,202 0.07 mi
Main Street Church St 2021 2,761 0.11 mi
Old Rosman Highway Church St 2018 1,200 0.11 mi
US 178 Church St 2021 1,319 0.11 mi
Pickens Hwy Chestnut St 2004 1,500 0.11 mi
Old Rosman Highway Pickens Hwy 2018 1,600 0.15 mi
Main Street Chestnut St 2021 1,589 0.17 mi
Ashe Rd 2021 1,546 0.21 mi
Woodyard Ln 2021 351 0.28 mi
Old Turnpike Rd J Holden Dr 2004 560 0.36 mi

Listing Broker

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