Retail    

Childcare Network

 New Bern, NC

Potential Value Add or Owner/User Opportunity

Asking Price

$500,000

Cap Rate

8.85%

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Lease

Absolute NNN

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Highly Dense

Retail Location (7-Mi Away)

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Avg HHI

$102K+ (3-Mi)

For more details on this exclusive listing

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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

  • Absolute NNN Lease w/ Child Development Schools, Inc.

  • Potential Value Add or Owner/User Opportunity - Recent 3-Year Lease Extension w/ No Options to Renew, Low Rent of $9.84 PSF
  • Feeder Schools Include: New Bern Christian Academy (300 Students), Brinson Memorial (441 Students) and Creekside Elementary School (475 Students)

  • Nearby National Retailers Within 7 Miles from the Property Include Lowe's Home Improvement, Walmart Supercenter, Hobby Lobby, HomeGoods, PetSmart, Target, Harris Teeter, Ace Hardware, Dunkin' Donuts, Ashley Furniture and More

  • Strong Avg. HH Income of Over $102k within a 3-Mile Radius

Exclusively Listed By

Milo Spector

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

Chris Lomuto

Associate Vice President

BRE #01962410

Matt Lipson

Associate Vice President

BRE #01892096

Remmington Penn

Associate
  rpenn@northmarq.com      +1 702.469.1474
BRE #02220211

In Association With
Jason Long

NC Lic. #338124

Northmarq

100 Pringle Avenue, Suite 320
Walnut Creek, CA 94596


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