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26386781

250 S Cherrywood Dr, Lafayette, CO 80026

MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
Listed by Newmark | Orange County - Irvine
$7,585,000
295 days on market
Updated 67 days ago

Adventure Montessori - Lafayette, CO

Details
Property Type Retail
Sub Type Day Care/Nursery, Storefront
Square Footage 18,975
Cap Rate 7.5%
NOI $568,901
Occupancy 100%
Tenancy Single
Brand/Tenant Adventure Montessori
Lease Type Absolute NNN
Lease Expiration 02/27/2038
Remaining Term 11.7
Rent Bumps Yes
Lease Options 2 (10-Year)
Price per SqFt $400
Year Built 2001
Acreage 3.340
Investment Type Net Lease
Lease Commencement 02/09/2023
Ownership Fee Simple (Land & Building)
Sale Condition For sale by owner

Adventure Montessori | 12 Years of Firm Term | 1.75% Annually | Denver MSA

Investment highlights

  • Single-Tenant Adventure Montessori | Guarantor: Premier Early Childhood Education Partners LLC | 125 Center Network Serving Approximately 20,000 Children Nationwide

  • Long-Term Commitment | 12 Years of Primary Term Remaining | 1.75% Annual Rental Increases | 2 (10-Year) Renewal Options | Absolute NNN Lease

  • High Traffic Location at the Intersection of Hwy 287 & Empire Rd (69,516 VPD) | 1 Mile from the Hwy 287 on/off ramp to Northwest Pkwy (Toll Road) | Across the Street from Intermountain Health Good Samaritan Hospital (234 Beds, Level II Trauma Center, 587,570 SF Hospital) | Kaiser Permanente, Community Physicians Pavillion Buildings 1 & 2, and Medtronic are all directly across Hwy 287 from Adventure Montessori

  • Explosive Growth in the Denver MSA (497,682 New Residents since 2010, 120,083 added between 2020 and Today) | Booming Submarket of Lafayette, CO | 16.5 Miles from Downtown Denver

Listing Contacts

MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
Listed by Newmark | Orange County - Irvine

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$568,901.00
$47,408.42/mo

Valuation Metrics

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DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Kevin McCabe
License
CO RE Lic. #ER246951
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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