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Views: 123 DOM: 124 Updated: 09.12.24 Posted: 06.08.24 Status: Active

Summary

Price $6,308,000
Built/Renov 2024
Tenant Kiddie Academy
Cap Rate 6.90%
Lease Type Double NN
Guarantor Franchisee
Size/SF 11,000
Lease Start 05-09-2024
#Units 339
Price/SF $573.45
Expiration 05-31-2044
Tenant Type Daycare/Education
NOI $435,250
R. Term 19.7
Ownership Fee Simple
Rent/SF $39.57
Increases 2.0%/1/yrs
Pop 5Mi 83,661
Lot/AC 1.06
Options 3/5yrs/2%
AHHI 5Mi $137,244

Lease Highlights

  • Brand new 2024 construction
  • Brand new 20-year lease with 3 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Landlord responsible for repair and/or replacement of the foundation, structure & roof
  • 12-year Personal guarantee

Location Description

Kiddie Academy is strategically located on Oakmont Street, with access to 20,040 vehicles passing by daily. The property is surrounded by several complexes such as Country Meadows (152 Homes), Highland Meadows (755 Homes), Windsor Villages at Ptarmigan (114 single family homes and 180 multi-family), among others. The immediate vicinity boasts well-known national tenants, including Subway,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kiddie Academy
  • Guarantor:Franchisee
  • Company:Kiddie Academy
  • # Units:339
  • Stock:Private

About Tenant

Kiddie Academy Educational Child Care is one of the leading childcare franchise providers in the United States. Kiddie Academy is a nationally recognized provider of comprehensive educational...


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Listing Broker

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