Property details
NNN Properties, Southwest Region
Property Description
NNN Properties like this mean no landlord responsibilities at all.
The NNN property is situated in the heart of new residential growth and development as evidenced by the new homes and elementary school properties in the subject neighborhood. The neighborhood is predominately residential in nature and characterized with growing population, households and employment.
Childtime is a subsidiary of Learning Care Group, Inc., one of the largest for-profit providers of early childhood care and education services in the United States.
Images
Highlights
- Status:
- Available
- Price:
- $1,500,000
- PSF:
- $134
- Cap Rate:
- 8.00%
- Annual Rent:
- $119,700
- Rent Increases:
- inquire
Property Information
- Building Size:
- 11,175 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Daycare - Childcare
- Units/Spaces:
- 1
- Year Built:
- 1992
- Land Area:
- 101,182 sq.ft.
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Childtime Childcare Center
- Lease Type:
- NNN
- Lease Commencement:
- 12/19/1997
- Lease Expiration:
- 12/31/2012
- Lease Term:
- 15 years
- Years Remaining:
- 4 years
- Landlord Responsibilities:
- None - NNN Properties
- Options:
- 2-5 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.