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2220 64th Street Southwest
Retail | 7.00% CAP | 10,000 SF
Listing Contacts
See All (3)
License: MI 6501392260, MI
License: 6501440970
Active
Asking Price: $5,000,000
Address
2220 64th St SW, Byron Center, MI 49315
Show on MapDate Added
Aug 7, 2023
Days on Market
591 days
Time Since Last Update
13 days
Details
Property TypeRetail
SubtypeDay Care/Nursery
Investment TypeNet Lease
Investment Sub TypeNNN
ClassA
Lease TypeNNN
TenancySingle
Lease Term15 years
Square Footage10,000
Price/Sq Ft$500
Cap Rate7.00%
Pro-Forma Cap Rate7.00%
Occupancy100%
Occupancy Date04/30/2024
NOI$350,000
Pro-Forma NOI$350,000
Buildings1
ZoningCommercial
Lot Size (acres)0.83
Lease OptionsTwo 5-year options to extend
Marketing Description
Coming to Byron Center, MI is The Learning Experience. The Learning Experience is America's #1 fastest growing child care franchise. It is an mazing brand dedicated to making a positive difference in children's lives as they learn and grow. There are over 600 centers open or under development. They have a proven track record of success. This brand new building is under construction and is estimated to be complete December 2023.
Investment Highlights
- 15-year initial base term lease
- Two 5-year options to extend
- NNN lease type
- 8% rental increases every 5 years
- Brand new construction- estimated completion December of 2023
- Occupancy began May 1st, 2024
- America's #1 fastest growing child care franchise.
- Amazing brand dedicated to making a positive difference in children's lives as they learn and grow.
- Over 600 centers open or under development.
- Proven track record of success.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$350,000.00
$29,166.67/mo
Valuation Metrics
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0
DSCR
7%
Cap Rate
7%
ROI
Property History
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Due Diligence
Listing Contacts
See All (3)- License: MI 6501392260, MI
- License: 6501440970
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