

Listed by Marcus & Millichap - Chicago Oak Brook
$2,083,000
The Children’s Courtyard - Carthage, NC (Fayetteville MSA)
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 14,037
Cap Rate 6.51%
NOI $135,600
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2036
Remaining Term 10.4
Rent Bumps Yes
Lease Options Three, Five-Year
Broker Co-Op True
Year Built 2021
Acreage 1.480
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2021
Ground Lease No
Ownership Fee Simple
Corporate Guaranty from Learning Care Group (1,100+ Locations) | 10+ Years Remaining
Investment highlights
Corporate Guaranty from #2 Largest Corporate Operator in the Country
- Learning Care Group is the 2nd Largest Corporate Operator in the country, only behind KinderCare.
- Learning Care Group currently operates over 1,100 locations across forty states.
- Learning Care Group serves over 165,000 children nationwide.
10+ Years Remaining | Absolute NNN Lease
- The Learning Care Group corporately guaranteed lease, has over 10 years remaining with three, five-year options to extend.
- The lease features 7.50% 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.
Fayetteville MSA – 60 Miles South of Raleigh
- Located approximately 60 miles south of Raleigh
- Fort Bragg, formally known as Fort Liberty, is one of the largest military bases in the United States and thus plays a central role in supporting the area’s economy.
- Fayetteville offers visitors and residents the advantage of low housing costs, along with a variety of recreational activities.
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


Listed by Marcus & Millichap - Chicago Oak Brook
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$135,600.00
$11,300.00/mo
Valuation Metrics
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DSCR
6.51%
Cap Rate
6.51%
ROI
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