loader
Join
DOM: 36 Updated: 10.08.24 Posted: 08.08.24 Status: Sold     09.13.24

Summary

Price $2,100,000 $2,325,029
Built/Renov 1993
Tenant Childcare Network
Cap Rate 7.75% 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 14,180
Lease Start 10-10-2014
#Units 233
Price/SF $148.10 $163.97
Expiration 09-30-2029
Tenant Type Daycare/Education
NOI $162,756
R. Term 4.3
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

Highlights

  • Childcare Network has 4+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features CPI increases 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...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,849 35,499 77,603
2024 Total Population : 2,893 29,149 64,825
2024 Employed Civilian Pop : 1,562 15,027 34,015
2024 Total Businesses : 29 1,024 2,031
2024 Average Household Income : $ 103,071 $ 101,591 $ 104,782
2024 Total Consumer Spending : $ 100 M $ 1016 M $ 2307 M
2024 Median Age : 41 38 37
2024 Total Households : 1,124 11,378 25,046
2024 Pop Age 25+: Bachelor's Degree : 662 4,282 9,931
2024 Average Home Value : $ 321,684 $ 322,677 $ 360,242
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Guy Rd Creekview Dr 2008 6,900 0.38 mi
Winston Road Guy Rd 2022 3,029 0.44 mi
Guy Rd 2022 9,926 0.51 mi
Guy Rd Softwind Dr 2009 7,900 0.61 mi
Guy Road Softwind Dr 2022 8,408 0.68 mi
Amelia Church Rd Springwood Pl 2008 10,000 0.89 mi
Amelia Church Road Hwy 42 2022 12,798 0.97 mi
Johnson Estate Rd 2022 18,171 1.02 mi
Amelia Station Way 2022 7,316 1.07 mi
Amelia Church Road Amelia Station Way 2019 7,000 1.12 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH