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Views: 79 DOM: 135 Updated: 10.30.24 Posted: 07.09.24 Status: Active

Summary

Price $5,690,000
Built/Renov 2023
Tenant Kiddie Academy
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 12,000
Lease Start 11-14-2023
#Units 339
Price/SF $474.17
Expiration 11-30-2043
Tenant Type Daycare/Education
NOI $384,000
R. Term 19.0
Ownership Fee Simple
Rent/SF $32.00
Increases 10.0%/4/yrs
Pop 5Mi 118,390
Lot/AC 1.69
Options 3/5yrs/10%
AHHI 5Mi $109,014

Lease Highlights

  • New 2023 construction
  • Kiddie Academy has 19+ 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
  • Personal guaranteed lease

Location Description

Kiddie Academy is strategically located on South Morgantown Road, surrounded by well-known national tenants including Domino's, CVS Pharmacy, Pep Boys, and more. Key community educational institutions in the vicinity include Rosa Parks-Edison Elementary, Perry Meridian Middle School, and Perry Meridian High School, among others. The 5-mile trade area is supported by a population of 118,390...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kiddie Academy
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:339
  • Stock:Private

About Tenant

Kiddie Academy Educational Child Care is one of the leading childcare franchise providers in the United States. Kiddie Academy is a nationally recognized provider of comprehensive educational...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,515 47,891 126,216
2024 Total Population : 8,285 46,531 123,169
2024 Employed Civilian Pop : 4,667 24,254 65,180
2024 Total Businesses : 107 1,149 3,096
2024 Average Household Income : $ 144,352 $ 127,373 $ 112,554
2024 Total Consumer Spending : $ 346 M $ 1877 M $ 4535 M
2024 Median Age : 39 41 38
2024 Total Households : 2,820 17,125 46,292
2024 Pop Age 25+: Bachelor's Degree : 1,681 8,715 20,924
2024 Average Home Value : $ 355,957 $ 353,170 $ 337,484
*ESRI data is presented for informational purposes only

Listing Broker

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