www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31684015
31684016

10540 Monroe Road, Matthews, NC 28105

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook
$2,137,142
89 days on market
Updated 54 days ago

Childcare Network - Matthews, NC (Charlotte MSA)

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 13,269
Cap Rate 7.00%
NOI $149,600
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/28/2035
Remaining Term 8.6
Rent Bumps Yes
Lease Options Four, Five-Year
Broker Co-Op True
Year Built 1958
Year Renovated 2020
Acreage 2.480
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2020
Ground Lease No
Ownership Fee Simple

Corporate Guaranty (272+ Locations)

Investment highlights

Corporate Guaranty from Top 5 Operator in the Country (272+ Locations)

  • Child Development Schools, Inc. is one of the Top 5 Corporate childcare companies in the country.
  • Child Development Schools, Inc. currently operates over 272 locations across eleven states.

8+ Years Remaining | Absolute NNN Lease

  • The CDS Inc. corporately guaranteed lease, has over 8 years remaining with four, five-year options to extend.
  • The lease features 10.00% rental increases every 5 years and continuing into the option periods, growing NOI and hedging against inflation.
  • The lease features zero landlord responsibilities, allowing for a passive investment for a new landlord.

Charlotte MSA – Most Populous City in North Carolina

  • Charlotte, North Carolina, known as the “Queen City,” is the state’s most populous city and a major U.S. financial hub, second only to NYC in banking.
  • Located in Mecklenburg County, it is a rapidly growing, diverse city with a population of over 874,000, offering a blend of Southern charm, vibrant Uptown culture, and booming industries like energy and technology.
  • As of 2026, it remains one of the fastest-growing major cities in the U.S., with approximately 157 people moving to the region daily.

Demand For Child Care Remains Extremely Strong

  • The U.S. child care market size was valued at USD 60.4 billion in 2022 and is expected to

grow at a compound annual growth rate (CAGR) of 4.18% from 2023 to 2030.

  • The key factor driving the growth is the rising demand for early daycare & education services with more parents returning to working in offices, the rising number of single & working mothers, advancements in learning technologies for children, and the accessibility of government funding.
  • The expenditure on daycare in the U.S. is very high. As per the cost of care survey facilitated by the U.S. Department of Health and Human Services, the expenditure on these services reached up to 7% of the household income in 2021.
  • Families in the U.S. are willing to spend more on child care services, indicating the high service demand in the U.S.

Listing Contacts

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$149,600.00
$12,466.67/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Map

Zoning

Intelligence Badge
B-1 CommercialNeighborhood CommercialNeighborhood Business
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 212 uses
View all 212 uses
Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Charles Gallagher
License
351471
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591