Listed by Matthews
$1,400,000
EXCELLENT START EARLY LEARNING CENTER
Details
Property Type Retail
Sub Type Day Care/Nursery, Education
Square Footage 8,519
Cap Rate 11.45%
NOI $160,284
Tenancy Single
Lease Type NN
Price per SqFt $164
Year Built 1992
Buildings 1
Stories 1
Strong Operating History | Optimal Location
Investment highlights
Strong Operating History – This location has been an active child care center since 1992, demonstrating the positive aspects of its location.
Annual 3% Rent Increases
Optimal Location – The School operates near the Windsor Mill Middle School, Winfield Elementary School, and the Northwest Hospital.
Major MSA – Property is located in a top-20 MSA in the country with an average HHI of $116,103+ and over 220,661 people in a 5-mile radius.
Recent Extensions – The Tenant and Ground Lease owner recently extended their lease agreements, further proving their commitment to the location.
Investment Payoff – The Total estimated income over the duration of the term amounts to a higher number than the asset purchase price.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$160,284.00
$13,357.00/mo
Valuation Metrics
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DSCR
11.45%
Cap Rate
11.45%
ROI
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