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Views: 110 DOM: 164 Updated: 11.07.24 Posted: 07.10.24 Status: Active

Summary

Price $4,394,000
Built/Renov 2020
Tenant Ducklings Early Learning Center
Cap Rate 6.75%
Lease Type NN+
Guarantor Corporate
Size/SF 11,191
Lease Start 03-01-2020
#Units 17
Price/SF $392.64
Expiration 05-31-2035
Tenant Type Daycare/Education
NOI $296,561
R. Term 10.5
Ownership Fee Simple
Rent/SF $26.50
Increases 10.0%/5/yrs
Pop 5Mi 101,374
Lot/AC 3.29
Options 2/5yrs/10%
AHHI 5Mi $174,254

Lease Highlights

  • Ducklings Early Learning Center has 10+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof only
  • Lease guaranteed by J. Thompson Child Services, Inc. (17 units backed)

Location Description

Ducklings Early Learning Center is strategically located on Orvis Way, directly fronting Wilmington Pike (Rte. 202 & Rte. 322), with access to a robust daily traffic count of over 59,000 vehicles. The property is surrounded by residential neighborhoods and numerous educational institutions, including Stetson Middle School, Sarah W. Starkweather Elementary School, and St. Maximilian Kolbe...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Ducklings Early Learning Center is a premier provider of early childhood education, committed to fostering a nurturing and stimulating environment., Ducklings offers high-quality, play-based...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,909 51,511 103,342
2024 Total Population : 4,849 51,038 102,322
2024 Employed Civilian Pop : 2,770 28,926 54,352
2024 Total Businesses : 196 2,745 5,388
2024 Average Household Income : $ 171,681 $ 169,434 $ 180,084
2024 Total Consumer Spending : $ 252 M $ 2660 M $ 5800 M
2024 Median Age : 42 33 39
2024 Total Households : 1,747 18,292 37,758
2024 Pop Age 25+: Bachelor's Degree : 1,392 12,444 26,384
2024 Average Home Value : $ 585,442 $ 610,572 $ 624,183
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Skiles Boulevard Wilmington Pike 2021 2,540 0.11 mi
Skiles Boulevard Wilmington Pike 2019 650 0.12 mi
Wilmington Pike 2019 161 0.16 mi
Wilmington Pike 2019 582 0.18 mi
Wilmington Pike S High St 2022 22,155 0.34 mi
Wilmington Pike Piedmont Rd 2019 23,363 0.34 mi
Wilmington Pike Piedmont Rd 2019 23,688 0.34 mi
Wilmington Pike Garden Cir N 2021 53,985 0.35 mi
Wilmington Pike W Pleasant Grove Rd 2021 59,510 0.36 mi
Wilmington Pike Garden Cir N 2019 27,090 0.36 mi

Listing Broker

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