Retail    

Childcare Network

 Monroe (Charlotte), NC

Asking Price

$1,461,538

Cap Rate

6.50%

Icons_NNN-Icon

Lease

Absolute NNN

SalesGrowth-Icon

Increases

10% every 5 years

Icons_Lease-Icon

Base Lease Term

15 Years

Icons_AvgHHI-Icon

Avg HHI

$84K+ (5-Mi)

For more details on this exclusive listing

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

INVESTMENT HIGHLIGHTS

  • Childcare Network's Parent Company, Child Development Schools, Inc., is a Top 50 Corporate Early Education Operator with Over 260+ Locations Across 11 States
  • Brand New 15-Year Abs. NNN Lease That Will Be Signed by Child Development Schools, Inc. at Close of Escrow, Showing Confidence & Commitment to the Site from the Tenant
  • Strong 10% Rental Increases Every 5 Years
  • Approx. $123k in Capital Improvements Made from '21-'22. The Tenant will Also be Investing Approx. $135k on the Playground and Other Capital Expenditures
  • This School was Recently Acquired by Child Development Schools, Inc. and will be Rebranding to Childcare Network. Child Development Schools Will Be Upgrading the Facility with Their Standard FF&E Package and Technology Systems for a Childcare Network School

 

  • Strong Enrollment and Sustainable Rent-to-Revenue (Contact Broker).
  • Feeder Schools Include: East Monroe Elementary School and Monroe High School, less than A Mile Away
  • The True Homes Scotch Meadows Project is Being Developed Nearby and Will Add 162 Single-Family Homes to the Area When Complete
  • Nearby National Retailers Include Walgreens, CVS, McDonald's, Tractor Supply Company, ALDI, and More
  • Average HH Income of $84k+ in a 5-Mile Radius and Is Projected to Grow 18% by '27
  • $22.2 Million Spent on Education & Day Care in a 5-Mile Radius

Exclusively Listed By

Milo Spector

Senior Vice President
  mspector@northmarq.com      415.610.8970
BRE #01959211

Stephen Hasbrook

Investment Sales Analyst
  shasbrook@northmarq.com      925.412.3467
BRE #02082677

Chris Lomuto

Associate Vice President

BRE #01962410

Matt Lipson

Associate Vice President

BRE #01892096

Remmington Penn

Associate
  rpenn@northmarq.com      702.469.1474
BRE #02220211

In Association With
Jason Long

NC Lic. #338124

Northmarq

2121 N California Blvd, Suite 290
Walnut Creek, CA 94596


northmarq.com