Cap Rate
6.75%
Year Built
1999/2017
Leasable Area
9,966 SF
Term Remaining
±15 YRS
NOI
$264,400
Property Type
Retail
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
INVESTMENT HIGHLIGHTS
- Hedge Against Inflation:
- 15-year lease with 2% annual increases in the original term and option periods
- Full Enrollment with Growing Operator:
- Located within a 5 minute drive of Hebron Christian Academy and Mulberry Elementary School, Kiddie Academy is ideally positioned to retain full enrollment in the years to come
- To accommodate growing demand, operator is in the process of opening a second location to accommodate growing demand
- Substantial Growth in Child Care Centers in the U.S.:
- Currently a $57 Billion industry with 18 million children in daycare each week. The Child Care industry is forecast to reach $62.1 billion in the next 5 years
- One in three families spend 20% or more of their annual household income on childcare
- Dense, Affluent Demographics that are Ideal for a Child Learning Center:
- Over 35,000 Households within 5-miles
- 116,303 people within a 5-mile radius
- Average Household Income of $128,059 within a 1-mile radius
- Atlanta MSA:
- The Atlanta MSA continues to be one of the largest and fastest growing MSAs in the United States with a population of over 6 million
Broker of Record
- Kyle Matthews
- License No. 80041 (GA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203