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Views: 137 DOM: 38 Updated: 06.04.24 Posted: 06.04.24 Status: Active

Summary

Price $4,500,000
Built/Renov 2023
Tenant AIM Academy
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 9,951
Lease Start 07-01-2024
#Units 5
Price/SF $452.22
Expiration 06-30-2039
Tenant Type Daycare/Education
NOI $315,000
R. Term 14.11
Ownership Fee Simple
Rent/SF $31.66
Increases 10.0%/5/yrs
Pop 5Mi 83,755
Lot/AC 2.12
Options 2/5yrs/10%
AHHI 5Mi $116,529

Lease Highlights

  • New 2023 construction
  • 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 Gunner Lane, with access to 15,470 vehicles passing by daily. The property is adjacent to the Helena Town Center Development, offering proximity to well-known national tenants, including Publix, Little Caesars, O’Reilly Auto Parts, Dollar General, Walgreens, and more. The 5-mile trade area is supported by a population of 83,755 residents with an affluent...

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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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Listing Broker

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