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31826071
31826072

7580 Carpenter Fire Station Rd, Cary, NC 27519

SB
AZ AZ:SA703812000
Marcus & Millichap - Phoenix
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$7,646,000
53 days on market
Updated 53 days ago

Big Blue Marble Academy - Strong Historic Location

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 13,504
Cap Rate 6.35%
NOI $485,502
Occupancy 100%
Tenancy Single
Brand/Tenant Big Blue Marble Acadmey
Lease Type Absolute NNN
Lease Term 17
Lease Expiration 06/30/2040
Remaining Term 14.1
Rent Bumps Yes
Lease Options 3, 5 Year Options
Price per SqFt $566
Year Renovated 2023
Acreage 2.230
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/23/2023

$200K AHHI within 1-Mile | 6.35% CAP | 13,504 SqFt

Marketing description

Big Blue Marble Academy provides a globally inspired, nurturing early education environment designed to support children during their most formative years, beginning in infancy.

Cary is a town in Wake, Chatham, and Durham counties in the U.S. state of North Carolina and is part of the Raleigh-Cary metropolitan area.

Investment highlights

» 14 Years Remaining on Absolute Triple-Net (NNN) Lease with 2% Annual Rental Increases and Multiple Renewal Options

» Strong Corporate Guaranty From Big Blue Marble Academy Holdings, LLC, Encompassing the Tenant’s 93+ Locations Nationwide

» ±11 Feeder Elementary Schools Within a 5-Mile Radius

» Population in the Immediate Area is Projected to Increase More Than 8% by 2030

» 147,000+ Residents in a 5-Mile Radius

» Average Household Income Exceeds $200,000 in the Immediate Surrounding Area

» Immediate Access to Western Wake Fwy (SR-540)

» Located in the Center of the Research Triangle, a high-growth region in North Carolina defined by three cities and their universities: Raleigh (NC State), Durham (Duke), and Chapel Hill (UNC)

Listing Contacts

SB
AZ AZ:SA703812000
Marcus & Millichap - Phoenix
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$485,502.00
$40,458.50/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
Charles Gallagher
License
351471
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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