AIM Academy

11461 U.S. 231, Meridianville, AL 35759

$4,500,000

Cap Rate 7.00%

Views: 59 DOM: 136 Updated: 11.11.24 Posted: 08.08.24 Status: Active

Summary

Price $4,500,000	Built/Renov 2023	Tenant AIM Academy
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 9,952	Lease Start 10-01-2023	#Units 5
Price/SF $452.17	Expiration 10-01-2038	Tenant Type Daycare/Education
NOI $315,000	R. Term 13.9	Ownership Fee Simple
Rent/SF $31.65	Increases 10.0%/5/yrs	Pop 5Mi 27,812
Lot/AC 1.79	Options 2/5yrs/10%	AHHI 5Mi $80,016

Lease Highlights

New 2023 construction
AIM Academy has 13+ 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
Absolute NNN lease | Zero landlord responsibilities
Lease is guaranteed by both Principles of the company

Location Description

AIM Academy is strategically located on US Highway 231, with access to 34,355 vehicles passing by daily. The property is within a 5-mile radius of several elementary schools, including Hazel Green, Lynn Fanning, Rolling Hills, Montview, James I. Dawson, Highlands, Martin Luther King Jr., and Lakewood Elementary. Additionally, the area is home to major companies such as Boeing, the U.S. Army,...

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Key Features

New construction
Near major nationals
Strategically located
Highway location
Major MSA
Population increase trend
Absolute NNN
Long 10+ yr lease
Limited competition
Corporate Guarantee

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Links

AIM Academy Wikipedia Meridianville, Alabama Zip Code 35759 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: AIM Academy
Guarantor:Corporate
Company:AIM Academy
# Units:5
Stock:Private

About Tenant

AIM Academy is a network of childcare facilities that provide high-quality early care and preschool education to premier, growing communities in Alabama and beyond. They proudly offer childcare...

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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Hwy 231 431 N	Pat Ln	2014	34,390	0.14 mi
US 231;US 431	Cummins Ln	2021	36,309	0.38 mi
Meridianville Bottom Road	Hwy 231 431 N	2018	3,339	0.44 mi
Meridianville Bottom Road	Strong Mill Rd	2020	3,389	0.51 mi
Meridianville Bottom Road	McCollum Rd	2021	3,389	0.51 mi
US 231;US 431	Hwy 231	2021	30,471	1.02 mi
US Hwy 231	Monroe Rd	2020	30,471	1.02 mi
Countess Road Northeast	Baltimore Hill Rd	2020	3,643	1.17 mi
Countess Road Northeast	Johnson Dr	2021	3,643	1.17 mi
Bob Wade Ln NW	W T Garrison Ln	2017	7,360	1.18 mi

Listing Broker

Seth Krepistman

Sands Investment Group

Contact

20 Listings
1684 Views
3 Sold

Elan Sieder

Sands Investment Group

Contact

19 Listings
1698 Views
3 Sold

Seth Krepistman

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experience in net lease, shopping centers, retail, office, self storage and industrial transactions is unparalleled. Sa

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Elan Sieder

With over a decade of experience, Elan has handled over 650 real estate transactions. He has worked closely with tenants, family offices and developers as a strategic partner to help facilitate their growth strategies. Elan has always loved connecting with people which has made him a trustworthy partner his clients can rely on. Through developing these meaningful relationships, Elan has had the privilege to invest alongside his clients. His clients and partners fuel his tenacity and motivati

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Max Freedman

Sands Investment Group

Contact

60 Listings
5138 Views
8 Sold

Max Freedman

Max Freedman is a recognized industry leader focused on the Restaurant/C-Store real estate, heads the Austin office and the SIG Restaurant Group. Max is a founding partner and opened the first SIG office in Santa Monica, CA in 2009, with Chris Sands. He has excelled in building the company’s team culture and strategies you see today. Max has a strong team mentality and has had an integral part in recruiting several agents to Sands Investment Group. SIG’s restaurant group consists of nine agen

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