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AIM Academy- Huntsville (Meridianville), AL

AIM Academy | Huntsville, AL MSA | 2023 Construction | Triple Net (NNN) | Growing Market

Listing Contacts

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Active

Asking Price: $4,500,000
Listing Broker NameAndrew Ackerman
Address 

431 N US-231, Meridianville, AL 35759

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Date Added
Aug 4, 2023
Days on Market
594 days
Time Since Last Update
77 days

Details

Property TypeRetail
SubtypeDay Care/Nursery
Investment TypeNet Lease
Lease TypeAbsolute NNN
Tenant CreditCorporate Guarantee
TenancySingle
Brand/TenantAIM Academy
Lease Term15 years
Lease Commencement10/01/2023
Lease Expiration10/01/2038
Remaining Term13.5 years
Square Footage9,952
Price/Sq Ft$452.17
Cap Rate7.00%
Occupancy100%
NOI$315,000
Year Built2023
Lot Size (acres)1.79
Rent Bumps10% Every 5 Years
Lease Options2 x 5 Years

Marketing Description

Sands Investment Group is Pleased to Present Exclusively For Sale the 9,952 SF AIM Academy Located at 11461 US Highway 231  in Meridianville, AL.​ This Deal Includes a 2023 New Construction Absolute Triple Net (NNN) Lease With 14+ Years Remaining and Zero Landlord Responsibilities, Providing For a Secured Investment.​

*The Indicative Swap Rate as of August 14, 2024 Would Be 6.10%, Using a 5-Year Term and 25-Year Amortization.​ The Rate Buydown Costs Would Be ~ $1,405 Per Basis Point at a Loan Amount of $3,150,000 (70% of the Purchase Price).​ The Rate and Buydown Are Subject to Change Based on Market Fluctuations.​*

Investment Highlights

  • The Two Owners of AIM Academy Have a Combined 40 Years of Experience in Opening and Growing Childcare Operations; One Being the Former CEO of One the Largest Childcare Providers in the Nation

  • This Lease Will Be Guaranteed By Both Principles of the Company and the Future Growth of Their Company

  • Meridianville is a Northern Suburb of Huntsville, AL, That is Only a 25 Minute Drive From Huntsville International Airport

  • 2023 New Construction Absolute Triple Net (NNN) Lease With 14+ Years Remaining and Zero Landlord Responsibilities

  • Nearby Elementary Schools Within a 5-Mile Radius Include: Hazel Green, Lynn Fanning, Rolling Hills, Montview, James I. Dawson, Highlands, Martin Luther King Jr and Lakewood Elementary

  • The Average Annual Population Growth Rate of 2% Has Been Since Steady Since 2020 and is One of the Highest in the U.S. In 2021, Huntsville MSA Also Led in Economic Growth

  • Companies With a Large Presence in the Greater Huntsville Metro Area Include: Boeing, U.S. Army, Toyota, Meta (Previously Facebook), Federal Bureau of Investigation

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$315,000.00
$26,250.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI
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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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Broker Name
Andrew Ackerman
Broker License
AL #1089690
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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