Listed by Sands Investment Group Los Angeles, Sands Investment Group Charleston
$937,594
Childcare Network - Selma, NC
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 7,212
Cap Rate 7%
NOI $65,632
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 17
Lease Expiration 06/30/2036
Remaining Term 10
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $130
Year Built 1982
Acreage 0.890
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/28/2019
Ground Lease No
Under $1M | Childcare Network - Raleigh MSA | 10 Yrs Remaining | 3% Annual Increases
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 7,212 SF Childcare Network located at 1201 S Pollock Street in Selma, NC. This compelling investment opportunity features rare 3% annual rent escalations and 10 years of remaining lease term on a Double Net (NN) Lease, providing investors with stable and increasing cash flow. With landlord responsibilities limited to the roof and structure, the asset offers a highly passive ownership structure while benefiting from the security of an established childcare operator and favorable lease terms.
Investment highlights
- Corporate guarantee from Child Development Schools, Inc., a leading national childcare provider and one of the top 5 operators in the country. Established in 1988, the company operates over 272 locations across 10 states, providing significant scale and operating history.
- Rare 3% annual rental escalations with 10 years of term remaining on a Double Net (NN) Lease with the only landlord responsibility being roof & structure.
- Located in the Raleigh–Durham (Triangle) MSA, widely recognized as the fastest-growing major metropolitan area in North Carolina and one of the fastest-growing in the Southeast, the property benefits from strong and sustained population and employment growth.
- The property is ideally positioned on a 0.89-acre lot between several large suburban neighborhoods and many key employers in the area with 5+ major feeder elementary schools within a 5-mile radius, including Selma Elementary School, North Johnston Elementary School, Princeton Elementary School, Micro-Pine Level Elementary School, and Thanksgiving Elementary School.
- Total consumer spending on education and daycare exceeds $15 million annually within a 5-mile radius of this location, and average household income exceeds $68,307 within a 5-mile radius of this location.
- The U.S. child care market 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.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group Charleston
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,632.00
$5,469.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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