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Views: 101 DOM: 265 Updated: 09.12.24 Posted: 12.29.23 Status: Active

Summary

Price $2,285,714
Built/Renov 1991
Tenant Childcare Network
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 11,179
Lease Start 12-01-2024
#Units 233
Price/SF $204.46
Expiration 11-30-2039
Tenant Type Other
NOI $160,000
R. Term 15.2
Ownership Fee Simple
Rent/SF $14.31
Increases 10.0%/5/yrs
Pop 5Mi 14,610
Lot/AC 1.48
Options 2/5yrs/10%
AHHI 5Mi $86,441

Lease Highlights

  • Childcare Network will be signing brand-new 15-year lease with 2 (5-year) options at the close of escrow
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Childcare Network is strategically located on Tyler Street, just off Highway 65, benefiting from access to a daily traffic count of 27,534 vehicles. The location is in proximity to national tenants such as Subway, Sonic, DG Market, Walmart, Dollar Tree, and others. Nearby, key community establishments include GreenBrier First United Methodist, GreenBrier Church of Christ, and various...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,643 10,587 16,797
2023 Total Population : 2,570 9,988 15,885
2023 Employed Civilian Pop : 1,375 5,035 7,986
2023 Total Businesses : 151 296 382
2023 Average Household Income : $ 80,704 $ 89,531 $ 94,996
2023 Total Consumer Spending : $ 67 M $ 286 M $ 475 M
2023 Median Age : 36 36 37
2023 Total Households : 973 3,705 5,809
2023 Pop Age 25+: Bachelor's Degree : 375 1,167 2,011
2023 Average Home Value : $ 221,990 $ 246,721 $ 262,597
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
AR 25 Donna Kay Dr 2021 6,600 1.06 mi
Green Valley Dr Summerville Dr 2017 6,200 1.07 mi
S Broadview St Ivy St 2017 26,000 1.26 mi
US 65 Brannon Rd 2021 28,000 1.32 mi
US Hwy 65 Becky Ln 2017 27,000 1.41 mi
US 65;Hwy 25 School Dr 2021 27,000 1.43 mi
State Hwy 287 D and L Ln 2017 2,300 1.52 mi
AR 287 Ellzey Ln 2021 2,800 1.59 mi
Mountain Dr W Main St 2017 3,600 1.70 mi
Hwy 225 Jeremy St 2021 4,500 1.76 mi

Listing Broker

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