Listed by SVN | Denver Commercial Denver
$6,580,000
Everbrook Academy STNL
Details
APN 86042-15-005
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 12,142
Units 1
Cap Rate 6.40%
NOI $421,280
Occupancy 100%
Tenancy Single
Brand/Tenant Everbrook Academy
Lease Type NN+
Lease Expiration 08/30/2034
Remaining Term 8.2
Rent Bumps Yes
Lease Options 3 x 5 years each with a 7.5% rent increase each Period
Price per SqFt $542
Year Built 2018
Stories 1
Acreage 1.846
Parking Spaces 67 spaces
Parking Per SqFt 5.52
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Everbrook Academy | NN+ NNN | 8.5 Yrs Remaining | Corporate Guarantee | Fort Collins, CO
Marketing description
The Meyer/Matthews Team at SVN is pleased to present this single-tenant net-leased Everbrook Academy in Fort Collins, Colorado. The 12,142 SF facility was built-to-suit in 2018 on 1.85 acres, with a large, upgraded concrete parking lot and an outdoor playground. The property is well-located at the SW corner of Harmony Rd/Lady Moon Dr - one of the city's highest-traffic commercial corridors (49,000+ AADT at Intersection).
The lease is guaranteed by Learning Care Group (US), Inc., the second-largest for-profit childcare provider in North America, operating 1,150+ schools across 11 brands. Approximately 8.5 years of the initial term remain through August 2034 under a NN+ lease structure, with 7.5% rent bumps every 5 years and three 5-yr renewal options.
The property sits along Fort Collins' Harmony Road corridor, adjacent to Banner Health, Hewlett Packard Enterprise (~800 employees), Intel, and the Harmony Commons retail center. Within a 3-mile radius, average household income exceeds $151,000 across 19,100 households. Fort Collins was ranked the #4 Best Place to Live in the U.S. by U.S. News & World Report (2024) and has experienced 17% population growth since 2010, driven by in-migration from Denver and other high-cost markets. The neighboring Town of Timnath has grown over 60% since 2020, with new residential developments adding further demand for childcare in the immediate trade area.
Investment highlights
- Near 100% Enrollment | Waiting List for Several Rooms
- Corporate Guaranty | 2nd-Largest ELC Operator | 1,150+ Locations
- Adjacent to State-of-the-Art Banner Fort Collins Hospital (146k SF)
- Affluent, High-Growth Demographics | $151,000 Avg HH Income (3-mile)
- Recession-Resistant, Essential-Service Tenant | Upgraded Concrete Lot
Listing Contacts
Listed by SVN | Denver Commercial Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$421,280.00
$35,106.67/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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