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Kiddie Academy at Milford Commerce Center 1200 AM Dr 9,812 SF Retail Building Quakertown, PA 18951 $4,599,557 CAD ($468.77 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Nationally Recognized Tenant, Over 40 year Franchise
- Multiple neighborhood subdivisions and shopping within 3 miles
- Strong Demographics
- Strategically located at Main Intersection on John Fries Highway
- Recession-Resistant Sector
EXECUTIVE SUMMARY
This offering represents a rare opportunity to acquire a stabilized, Kiddie Academy in a high-demand suburban market. A modern state-of-the-art facility which includes architectural enhancements, high-end fit and finishes. Roughly 10+ years remaining on an original 15 year modified gross lease with rental increases every other year. The property benefits from proximity to Route 309, I-476 (PA Turnpike) and Route 663 making it convenient for parents commuting to major employment hubs. Easily accessed off John Fries Highway from the signalized intersection.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
9,812 SF
Building Class
B
Year Built
2020
Price
$4,599,557 CAD
Price Per SF
$468.77 CAD
Cap Rate
6.75%
NOI
$310,470 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
9.70 AC
Zoning
PI - C - Commercial
Parking
48 Spaces (4.89 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- -
Kiddie Academy has been shaping, fueling, and nurturing children’s natural curiosity since they opened their first Academy over 40 years ago. They’re driven to prepare children for life. Through their passion for early childhood education, community commitment, and their Life Essentials® curriculum, they’re here to educate and encourage your child to do more and be more—not just while they’re with them, but outside the classroom as well.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | - |
PROPERTY TAXES
| Parcel Number | 23-002-150-005 | Improvements Assessment | $148,887 CAD |
| Land Assessment | $57,675 CAD | Total Assessment | $206,561 CAD |
PROPERTY TAXES
Parcel Number
23-002-150-005
Land Assessment
$57,675 CAD
Improvements Assessment
$148,887 CAD
Total Assessment
$206,561 CAD
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Kiddie Academy at Milford Commerce Center | 1200 AM Dr
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