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Views: 47 DOM: 92 Updated: 06.24.24 Posted: 04.11.24 Status: Active

Summary

Price $4,571,428
Built/Renov 2023
Tenant AIM Academy
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 9,951
Lease Start 05-01-2024
#Units 5
Price/SF $459.39
Expiration 04-30-2039
Tenant Type Daycare/Education
NOI $320,000
R. Term 14.9
Ownership Fee Simple
Rent/SF $32.16
Increases 10.0%/5/yrs
Pop 5Mi 40,133
Lot/AC 2.49
Options 2/5yrs/10%
AHHI 5Mi $119,234

Lease Highlights

  • Brand-new 2023 construction
  • AIM Academy will be executing a brand-new 15-year lease with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

AIM Academy is strategically located on Gadsden Highway, with access to 8,890 vehicles passing by daily. The property is situated less than 1 mile from Paine Elementary School, Hewitt-Trussville High School and Hewitt-Trussville Middle School. Furthermore, the immediate vicinity boasts well-known national tenants including McDonald's, Jack in the Box, Cracker Barrel, Harley Davidson, Wendy's,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: AIM Academy
  • Guarantor:Corporate
  • Company:AIM Academy
  • # Units:5
  • Stock:Private

About Tenant

Aim Academy is a network of childcare facilities that provide high-quality early care and preschool education to premier, growing communities in Alabama and beyond. They proudly offer childcare...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,249 14,461 46,197
2023 Total Population : 3,899 13,503 45,044
2023 Employed Civilian Pop : 2,276 7,591 24,139
2023 Total Businesses : 67 253 1,071
2023 Average Household Income : $ 155,773 $ 162,681 $ 119,326
2023 Total Consumer Spending : $ 171 M $ 639 M $ 1659 M
2023 Median Age : 45 44 41
2023 Total Households : 1,323 4,671 16,338
2023 Pop Age 25+: Bachelor's Degree : 740 2,611 7,176
2023 Average Home Value : $ 384,564 $ 372,543 $ 301,041
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Gadsden Hwy Old Mill Run 2018 10,373 0.09 mi
I- 59 Deerfoot Pkwy 2016 34,230 0.80 mi
Happy Hollow Rd 2021 2,358 0.90 mi
I- 59 2021 6,526 0.94 mi
Deerfoot Parkway Happy Hollow Rd 2019 13,000 0.94 mi
Deerfoot Parkway Mount Olive Church Rd 2020 12,609 0.94 mi
Deerfoot Parkway Happy Hollow Rd 2021 12,609 0.94 mi
Deerfoot Pkwy 2021 2,182 0.99 mi
Mount Olive Church Rd 2021 6,321 1.06 mi
I- 59 Deerfoot Pkwy 2014 41,130 1.07 mi

Listing Broker

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