Listed by Marcus & Millichap - San Diego
$2,000,000
LITTLE BLESSINGS CHILDCARE & PRESCHOOL | 15 YR ABSOLUTE NET
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 6,801
Cap Rate 7.75%
NOI $155,000
Tenancy Single
Brand/Tenant Little Blessings Childcare & Preschool
Lease Type Absolute NNN
Lease Expiration 12/31/2039
Remaining Term 13.6
Rent Bumps Yes
Class A
Year Built 1977
Acreage 0.740
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 7.75% CAP | 6,801 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310543/little-blessings
Investment highlights
- 14+ Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options.
- Positioned Along Area’s Traffic & Retail Corridor. Features Easy Access & Excellent Visibility w/Daily Traffic Counts Exceeding 31k Vehicles. Minutes from President George Bush Tpike.
- Strong Daytime Employment Area - In Close Proximity to Numerous Call Centers, Business Parks, Dealerships and Regional Office Spaces within Walking Distance or a Short Drive.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - in Close Proximity to Several Large Single/Multi-Family and Retail Developments.
- Densely Populated and Affluent Area: Features an Average Household Income of $109k+ within a 1-Mile Radius and more than 340k People Residing within a 5-Mile Radius. Garland is one of the Fastest-Growing Regions in the Nation.
- Minutes from Firewheel Town Center - a 1M Sq.Ft. Open-Air Regional Shopping Center offering Brand-Name Department Stores & Boutiques, Restaurants and a Movie Theater.
- Multiple Elementary & Secondary Schools within Walking/Short Drive including Big Springs Elementary (0.4 mi), Apollo Junior High (1.4 mi), Berkner High (2.3 mi) are very near, generating Consistent Demand for Drop-Offs, Before/After School Programs.
- A Short Drive from Hawaiian Waters Garland - a 12 Acreas Waterpark Consisting of 11 water Slides, a Lazy River, an Interactive Water Tree-House, a Wave Pool, and an Activity Pool, as well as Food Stands. In Close Proximity to Numerous National Retailers including Walgreens, Walmart Supercenter, Sam’s Club, Academy Sports, Target, Michaels, Office Depot, Tom Thumb and many more.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,000.00
$12,916.67/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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