Listed by Pathway Capital Group, ParaSell Inc
$4,200,000
AIM Academy
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 9,952
Cap Rate 7.50%
NOI $315,000
Tenancy Single
Brand/Tenant AIM Academy
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options 2, 5 Yr
Class A
Year Built 2023
Acreage 1.790
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple (Land & Building)
AIM Academy | Long-Term Absolute NNN Lease | 7.50% Cap Rate
Investment highlights
- 15 Year Absolute NNN Lease w/ 10% Rental Increases Every 5 Years Starting at Close of Escrow
- Corporate Lease w/ Corporate & Personal Guaranty
- Low Price Point for New Construction, Low Rent PSF
- Established Suburb of Huntsville, One of the Fastest-Growing Metros in the U.S., Just 8.5 Miles from the City
- Population Counts Exceed 186K in a 10-Mile Radius, Projected to Grow 13.74% by 2030
- 45,985 Residents in a 5-Mile Radius, Projected to Grow 8.49% by 2030
- Strong Average HH Income of $110K+ in a 3-Mile Radius
- Direct Frontage on US-231/431 (36,016 VPD), the Primary Nashville-to-Huntsville Corridor
- Surrounded by Dense Single-Family Residential, Fueling Stable Daycare Demand from Young, Dual-Income Families
- Anchored by Huntsville's 70,000+ Aerospace and Defense Workforce at Nearby Redstone Arsenal and NASA's Marshall Space Flight Center
- Feeder Area for Lynn Fanning Elementary, Moores Mill Intermediate, and Meridianville Middle School
- $154+ Million Spent on Education & Day Care in a 10-Mile Radius
- Nearby National Brands Include Publix, Starbucks, CVS, McDonald's, Taco Bell, KFC, Dunkin', and More
- Adjacent to Huntsville Executive Airport (MDQ)
- Founders Scott Cotter & Bob Moffet Have A Combined 40+ Years of Experience
- Scott Cotter was the Former CFO/CEO of Childcare Network, CEO of Big Blue Marble Academy
- Bob Moffett was the Former Chief Development Officer of Childcare Network & Big Blue Marble Academy
- 100% Corporate Operator, No Franchised Locations
- Regional Operator w/ Growing Footprint
- Licensed by the Alabama Department of Human Resources, Requiring Rigorous Health & Safety Standards
Listing Contacts
Listed by Pathway Capital Group, ParaSell Inc
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
$315,000.00
$26,250.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Is there information that looks off?
