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2855 HAGGERTY RD Commerce Township MI 48390-1721

APN E -17-24-200-052

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Details
Property Type Retail
Sub Type Day Care/Nursery
Building SqFt 11,955
Lot SqFt 78,408
Acreage ******
Number of Units 1
Zoning Code TLM
Year Built 2023
Opportunity Zone No
Lease Type ******
Lease Term ******
Remaining Term ******
Lease Expiration ******
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Day Care/Nursery
Asking Details
Asking Price
$5,510,000
Asking Cap Rate
7.5%
Asking NOI
$413,280
Investment Highlights

15+ Years Remaining with 2.00% Annual Increases

  • Montessori Kids Universe signed a new 15-year lease at the subject property in 2025.

  • The lease has no day-to-day landlord responsibilities and offers a 11.00%+ increase in 2026 and 2.00% annual increases thereafter.

  • In addition to the 15-year base lease term, the tenant has three, five-year options to renew with the same rent increase structure annually.

Over $163,000,000 Spent on Education and Daycare in a 5-Mile Radius

  • A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.

  • Participants in early childhood programs are more likely to enroll in college and potentially experience higher earnings in adulthood.

Detroit MSA – Densely Populated with Nearly 160,000 People in 5-Miles

  • The Detroit Metropolitan Statistical Area (MSA) is quite large, encompassing 6 counties in Southeast Michigan: Lapeer, Livingston, Macomb, Oakland, St. Clair, and Wayne. Its estimated population in 2024 was 4,400,578, making it the 14th largest metro area in the US.

  • The Detroit MSA anchors the second-largest regional economy in the Midwest, after Chicago.

  • Detroit’s economy is diversifying beyond its traditional automotive base, with growth in sectors like technology, healthcare, and manufacturing. This economic revitalization is attracting new residents and increasing the demand for housing, benefiting property investors.

  • The city has seen significant investments in infrastructure, technology, and entrepreneurship, revitalizing areas like Downtown Detroit and the Detroit Riverfront.

Demand For Child Care Remains Extremely Strong

  • The U.S. child care market size was valued at USD 60.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.18% from 2023 to 2030.

  • The key factor driving the growth is the rising demand for early daycare & education services with more parents returning to working in offices, the rising number of single & working mothers, advancements in learning technologies for children, and the accessibility of government funding.

  • The expenditure on daycare in the U.S. is very high. As per the cost of care survey facilitated by the U.S. Department of Health and Human Services, the expenditure on these services reached up to 7% of the household income in 2021.

  • Families in the U.S. are willing to spend more on child care services, indicating the high service demand in the U.S.

Property Type
Property Type
Special Purpose
Property Subtype
School
Marketing Description

Presenting a single-tenant early education property in Commerce Township, MI, operated by Guidepost Montessori. Key features include a corporate 20-year NNN lease with minimal landlord responsibilities, featuring 2% annual rental increases and a full corporate guaranty from Higher Ground Education, Guidepost's parent company.

Investment Highlights
  • Guidepost Montessori is the Largest Corporate Montessori School Operator in the US

  • 20-Year Corporate NNN Lease (Minimal Landlord Responsibilities) with 2% Annual Increases

  • Brand New Construction

  • Higher Ground Education Has Doubled Each Year Since 2016

  • Excellent Household Income of $137,000+ in a 3-Mile Radius

  • Population Exceeds 159,000 in a 5-Mile Radius

  • Strong Commuter Corridor

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
TS
Todd Szymczak PRO
LIC: MI 6501338373
•••.•••.6315
••••czak@•••••••.com
Brokerage logo
Listing removed on
 BY:
TL
Todd Leinberger
LIC: MI 6501394346
•••.•••.4457
•oddl@••••••.com
Brokerage logo
Listing removed on
 BY:
AB
Alis Babi
LIC: MI 6501414308
•••.•••.4370
babi@•••••••.com
Brokerage logo
Listing removed on
 BY:
PO
Paul oosterbaan
LIC: MI
•••.•••.2101
•AULO@••••••.COM
Brokerage logo
Listing removed on
 BY:
MG
Mario Giglio
LIC: 6501415206
•••.•••.0127
••glio@•••••••.com
Brokerage logo

Map

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