20-Year NNN Sale Leaseback Daycare Property in Dothan, AL!
Seller will sign a 20-year absolute triple net lease! Buyer will not be responsible for anything!
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Property Highlights:
Property is 2.2 acres!
Building was constructed in 2019!
Seller will sign a 20-year absolute triple net lease! Buyer will not be responsible for anything!
Annual Rental Income is $247,200 and escalates by 3% every year!
Cap Rate is 6.18%!
The daycare only charges $185 per week for a student. They can afford the rent even with that low charge to their customers.
Geographic & Demographic details:
Local population is growing by 2.6% annually and median household income is $73K!
No competition in a 3-mile radius! There are 1,150 children under the age of 5 within the same 3-mile radius and 5,815 children under the age of 5 within a 7-mile radius!
Average traffic count of 8,120 vehicles passing by the location each day!
DoubleTree by Hilton, Baymont by Wyndham, Candlewood Suites, and Econo Lodge are hotels located nearby.
There are 8,359 households within a 3-mile radius! In addition, Highland Hills Apartments, Glen East Apartments, Grove at Westgate, Colony Square Apartments, and Dorchester Court Apartments serve the residential community in the area.
Emmanuel Christian School, Highlands Elementary School, Dothan City Schools, Harvest Christian School, and Troy University Dothan Campus are easily accessible from the property and collectively serve over 4,200 students and faculty!
Less than 2 hours from Columbus, GA and Montgomery, AL! 1 hour from Troy, AL!
Asking Price: $4M. Cap Rate is 6.18%!
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
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