Listed by Bradley Company Grand Rapids
$5,000,000
2264 Byron View Dr. SW
Details
Property Type Retail
Sub Type Commercial
Square Footage 10,000
Cap Rate 7.00%
NOI $350,000
Lease Type NNN
Price per SqFt $500
Acreage 0.830
Retail | 7.00% CAP | 10,000 SqFt
Marketing description
America's #1 fastest growing childcare 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.
Investment highlights
- 15-year initial base term lease
- Two 5-year options to extend
- NNN lease type
- 8% rental increases every 5 years
- Currently at Full Capacity with Waitlist
- Brand New Construction- estimated completion December of 2023
- Occupancy began May 1st, 2024
Listing Contacts
Listed by Bradley Company Grand Rapids
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$350,000.00
$29,166.67/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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Property History
Tax History
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