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33154627
33154626

57156 10 Mile Road, South Lyon, MI 48178

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook
$5,352,759
3 days on market
Updated 3 days ago

Everbrook Academy - South Lyon, MI (Detroit MSA)

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 12,734
Cap Rate 7.25%
NOI $388,075
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 16.1
Lease Expiration 02/29/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options Three, Five-Year
Broker Co-Op True
Year Built 2021
Acreage 1.670
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/10/2020
Ground Lease No
Ownership Fee Simple

#2 Corporate Operator in the Country | 9+ Years Remaining | AHHI Exceeds $186,000 in a 1-Mile Radius

Investment highlights

Corporate Guaranty from the #2 Corporate Operator in the Country

  • Learning Care Group (LCG) is officially recognized as the second-largest for-profit early childhood education and care provider in North America.
  • The company operates over 1,150 schools across the United States. Its network spans across 40 states and Washington, D.C.
  • LCG has the collective capacity to care for and educate over 165,000 children daily, rangingin age from 6 weeks to 12 years old.
  • Unlike some competitors that operate under a single name, LCG achieves its massive scale by maintaining a diverse portfolio of 11 unique brand identities. This multi-brand approach allows them to target various market segments, educational philosophies, and geographic regions.
  • Driven by its massive footprint, LCG generates an estimated $4.1 billion in annual revenue.

9+ Years Remaining with 7.50% Increases Every 5 Years

  • The Learning Care Group corporately guaranteed lease has over 9 years remaining.
  • The lease features rental increases every 5 years of 7.50% and continuing into the option periods, growing NOI and hedging against inflation.
  • The lease features limited landlord responsibilities, allowing for a passive investment for a new landlord.

Detroit MSA – 4,300,000+ People

  • Known for Motown and the auto industry, the Detroit metro is located in the southeastern portion of Michigan along the Detroit River, which connects Lake St. Clair and Lake Erie. Across the Detroit River lies the city of Windsor, Ontario, which provides easy access to the Canadian market.
  • Fortune 500 companies based in the metro include many in the auto industry, such as Ford Motor Co., General Motors Corp. and Penske Automotive Group.

Over $69,000,000 Spent on Education and Daycare in a 5-Mile Radius

  • A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.
  • Participants in early childhood programs are more likely to enroll in college and potentially experience higher earnings in adulthood.

Listing Contacts

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

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$388,075.00
$32,339.58/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Paul Kerber
License
6502433613
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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