The Growing Years
14,000 SF | Retail Building | Clayton, NC 27527 | $5,451,031 ($389/SF) | 6.75% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $5,451,031
- Property Type
-
Retail
- Square Feet
- 14,000 SF
- Price / Square Foot
- $389
Listing Contacts
Glen Kunofsky
Verified Profile
Cade Kearn
Verified Profile
Anthony D'Ambrosia
Verified Profile
- Property Info
Property Overview
About the Investment
? Long-Term, 20-Year Absolute Triple Net (NNN) Lease
? Approximately 17.4 Years Remaining
? Annual Increases | Lesser of CPI or 2%
? Two(2), Five (5)-Year Tenant Renewal Options
? Strong Enrollment Numbers | Contact Agent for Details
? The Childcare Market Has Increased To A $65.1 Billion Valuation In 2023 With Growth
Expected To Compound At Nearly 4% Through 2027
? Early Education Has Seen A 210% Revenue Increase Over The Last Five Years
? Over 60% of families with young children have both parents working, creating a strong need
for childcare.
? Long-Term, 20-Year Absolute Triple Net (NNN) Lease
? Approximately 17.4 Years Remaining
? Annual Increases | Lesser of CPI or 2%
? Two(2), Five (5)-Year Tenant Renewal Options
? Strong Enrollment Numbers | Contact Agent for Details
? The Childcare Market Has Increased To A $65.1 Billion Valuation In 2023 With Growth
Expected To Compound At Nearly 4% Through 2027
? Early Education Has Seen A 210% Revenue Increase Over The Last Five Years
? Over 60% of families with young children have both parents working, creating a strong need
for childcare.
Property Details
- Class
- B
- Year Built
- 2021
- Stories
- 1
- Property Subtype
- Day Care Facility/Nursery
- Lot Size (sq. ft)
- 94,090 SF
Highlights
- Premier Early Childhood Education has Been Successfully Operating and Growing Since 2018
- The Tenant/Guarantor Now Operates 120 Locations, with numerous others under LOI for acquisition.
- Clayton, NC, Is Experiencing Significant Growth, With Its Population Doubling Since 2000
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