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Views: 27 DOM: 41 Updated: 08.08.24 Posted: 08.08.24 Status: Active

Summary

Price $1,714,286
Built/Renov 1998
Tenant Childcare Network
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 17,820
Lease Start 10-01-2024
#Units 233
Price/SF $96.20
Expiration 09-30-2039
Tenant Type Daycare/Education
NOI $120,000
R. Term 15.0
Ownership Fee Simple
Rent/SF $6.73
Increases 6.0%/5/yrs
Pop 5Mi 50,322
Lot/AC 1.77
Options 4/5yrs/6%
AHHI 5Mi $94,805

Lease Highlights

  • Brand new 15-year lease with 4 (5-year) options to extend
  • The lease features 6% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Childcare Network is strategically located on N Clear Springs Road, with access to 6,512 vehicles passing by daily. The property is within a 5-mile radius of 6 nearby feeder elementary schools and 30 minutes from Will Rogers World Airport. The immediate area is surrounded by well-known national tenants, including Hobby Lobby, Lowe's, Staples, Target, AT&T, and more. The 5-mile trade area...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Childcare Network
  • Guarantor:Corporate
  • Company:Childcare Network Inc.
  • # Units:233
  • Stock:Private

About Tenant

Founded in 1988, Childcare Network is the 4th largest for-profit childcare organization in North America. With 233 schools in 10 states, they are the leading early care and preschool education...


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Listing Broker

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