The Dowd Companies is pleased to offer for sale the fee simple interest (land & building) in an absolute NNN leased, well-established, Children of America childcare center in New Britian, Pennsylvania. The new lease has 20 years remaining on the base term with two five-year options and features two percent (2%) annual rent increases, which generates steady NOI growth and hedges against inflation. There are NO LANDLORD RESPONSIBILITIES. The school has been in operation as a Children of America Location since 2007. The lease features a strong corporate guaranty.
The school is, located in an affluent area approximately 37 miles north of downtown Philadelphia, with over 106,000 people in a five-mile radius and average household incomes exceeding $177,000. The Property is in a neighborhood retail / commercial area that fronts West Butler Avenue with traffic counts averaging 11,900 cars per day. New Britian is in the Philadelphia MSA which as a population of 6,245,000, a median age of 39 and a median household income of $86,867.
Children of America is one of the country’s most successful premier childcare operators headquartered in Delray Beach, Florida. The company was formed in 1999, has over 60 operating locations in 19 states and has 10 new schools in development. Approximate company revenue in 2024 was over $100 Million.
Fee Simple
Absolute NNN Lease
No Landlord Responsibilities
Long term 20 year lease with two 5-year options
2% Annual Increases
Built in 2007
Strong National Tenant with 60 locations under operation
10 new locations currently in development
One of the largest and most established Child Care operators in the USA
Affluent Area approximately 37 miles from downtown Pittsburgh
Over 106,000 people in a five mile radius
Average Household Income exceeds $177,000