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Views: 49 DOM: 90 Updated: 11.08.24 Posted: 08.23.24 Status: Active

Summary

Price $2,455,172
Built/Renov 1961/2017
Tenant Little Blessings Daycare
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 10,417
Lease Start 08-16-2024
#Units 11
Price/SF $235.69
Expiration 08-31-2039
Tenant Type Daycare/Education
NOI $178,000
R. Term 14.9
Ownership Fee Simple
Rent/SF $17.09
Increases 10.0%/5/yrs
Pop 5Mi 102,660
Lot/AC 3.12
Options 4/5yrs/10%
AHHI 5Mi $98,400

Lease Highlights

  • Little Blessings Daycare has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Little Blessings Daycare is strategically located on New Copeland Road, surrounded by 10 feeder elementary schools within a 5-mile radius. The property is a 20-minute drive from Tyler Pounds Regional Airport, which serves 150,000 passengers annually. The immediate area features well-known national tenants, including Walmart Supercenter, Brookshire's, Sprouts Farmers Market, Target, Lowe's, and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Little Blessings Childcare & Preschool is a quality childcare and learning center serving more foster families than any other childcare center in south Louisiana. The company offers services for...


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Listing Broker

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