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Views: 29 DOM: 41 Updated: 09.12.24 Posted: 08.08.24 Status: Active

Summary

Price $2,325,029
Built/Renov 1993
Tenant Childcare Network
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 14,180
Lease Start 10-10-2014
#Units 233
Price/SF $163.97
Expiration 09-30-2029
Tenant Type Daycare/Education
NOI $162,756
R. Term 5.0
Ownership Fee Simple
Rent/SF $11.48
Increases 0.0%/0/yrs
Pop 5Mi 55,034
Lot/AC 2.68
Options 3/5yrs
AHHI 5Mi $87,825

Lease Highlights

  • Childcare Network has 5 years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features CPI 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 Winston Road, with access to 2,900 vehicles passing by daily. The property is surrounded by well-known national tenants, such as Zaxby's, Walmart, Dollar Tree, Starbucks, CVS Pharmacy, and more. Notable corporations in the vicinity include Bayer, Novo Nordisk, Grifols Therapeutics, and Caterpillar. The 5-mile trade area supports a population of...

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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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