Cap Rate
7.5%
Price Per SF
$337
Gross SQFT
10,500
Year Built
2016
Term Remaining
±17.3 YRS
NOI
$265,740
Property Type
Retail
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- ESTABLISHED NATIONAL FRANCHISE – Children’s Lighthouse is a nationally recognized childcare brand with over 75 locations and an ongoing expansion strategy, offering strong brand stability and recognition.
- SECURE LONG-TERM LEASE – The property is backed by a 20-year lease agreement, with more than 17 years remaining and an additional 10-year extension option, ensuring long-term rental income stability.
- HIGH-TRAFFIC RETAIL HUB – The property benefits from proximity to major retailers such as Costco, The Home Depot, Sam’s Club, Planet Fitness, and Best Buy. Additionally, the property is just minutes from the Riverchase Galleria, Alabama’s largest shopping center.
- IDEAL DEMOGRAPHICS – Located in Hoover, one of Alabama’s most affluent communities, the area boasts an average annual household income of over $113,000 and a population of 110,000 within a 5-mile radius.
- SURGE IN SURROUNDING DEVELOPMENT – The Hoover area is experiencing significant growth and development, which is expected to further increase demand for services like childcare.
- Tattersall Park Development: A transformative 35-acre mixed-use development, which will bring over 300 multi-family housing units, a hotel, and 35,000 square feet of retail space. This project will substantially increase local population density and consumer demand in the area, creating a larger customer base for daycare services.
- Inverness Center North: This mixed-use development is designed to cater to an affluent, younger demographic. It will feature luxury housing units alongside 16,000 square feet of boutique retail space, complementing the existing 450,000 square feet of Class A office space in the area.
- GROWING EARLY EDUCATION MARKET – The early childhood education industry is valued at $57 billion and is projected to grow to $62 billion in the next five years, with one in three families spending over 20% of their annual household income on childcare services.
- RELIABLE CASH FLOW – Over the remaining lease term, the property will generate over $4,900,000 in rental income.
- E-COMMERCE RESISTANT TENANT – As a brickand- mortar retailer, The Children’s Lighthouse, and the childcare industry as a whole, provides a critical offering that cannot be replaced or disrupted by online competitors.
Broker of Record
- Hutt Cooke
- License No. 000110253 - 0 (AL)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203