Property details

Single Tenant NNN Daycare, Northeast Region

Property Description

Single Tenant NNN Daycare

Located in the area of a 50-acre mixed use development that includes a new Whole Foods.






About the Tenant

Tenant will sign new 15 year lease this year, if there are no rent increases for 5 years.

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Highlights

Status:
Available
Price:
$10,200,000
PSF:
$481
Cap Rate:
6.50%
Annual Rent:
$660,000
Rent Increases:
3% annually under terms of current lease
 

Property Information

Building Size:
21,222 sq.ft.
Property Type:
Net Lease
Industry Type:
Daycare - Childcare
Units/Spaces:
1
Land Area:
3.00 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Single Tenant NNN Daycare
Lease Type:
NNN
Lease Commencement:
10/01/2007
Lease Expiration:
09/30/2022
Lease Term:
15 years
Lease Remaining:
15.0 years
Landlord Responsibilities:
None - Absolute NNN
Options:
Three 5-year options
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.