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Childcare Network - Wilson, NC 143 Patsy St 7,733 SF Retail Building Benson, NC 27504 $2,117,348 CAD ($273.81 CAD/SF) 7% Cap Rate
Investment Highlights
- Corporate guarantee from Child Development Schools, Inc., a leading national childcare provider and one of the top 5 operators in the country.
- Located in the Raleigh–Durham (Triangle) MSA, widely recognized as the fastest-growing major metropolitan area in North Carolina.
- More than 5 major feeder elementary schools within a 5-mile radius, including Benson Elementary School, Meadow School.
- Rare 3% annual rental escalations with 10 years of term remaining on a Double Net (NN) Lease, with the only landlord responsibility being the roof .
- The property is ideally positioned on a 1.29-acre lot between several large suburban neighborhoods and key employers in the area.
- Total consumer spending on education and daycare exceeds $35 million annually within a 5-mile radius of this location, and average household income.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 7,733 SF Childcare Network located in Benson, NC. The property features rare 3% annual rent escalations, 10 years of lease term remaining, and a Double Net (NN) Lease with limited landlord responsibilities for the roof and structure, providing investors with stable cash flow and long-term income growth.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,733 SF
Building Class
C
Year Built
2007
Price
$2,117,348 CAD
Price Per SF
$273.81 CAD
Cap Rate
7%
NOI
$148,215 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.29 AC
Zoning
IND - Industrial
Parking
27 Spaces (3.49 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Childcare Network
- Educational Services
- 7,733 SF
- $19.16 CAD
- Double Net
- Jun 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Childcare Network | Educational Services | 7,733 SF | $19.16 CAD | Double Net | Jun 2036 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13E04042M | Improvements Assessment | $1,657,225 CAD |
| Land Assessment | $381,851 CAD | Total Assessment | $2,039,076 CAD |
Property Taxes
Parcel Number
13E04042M
Land Assessment
$381,851 CAD
Improvements Assessment
$1,657,225 CAD
Total Assessment
$2,039,076 CAD
Contacts
-
Andrew Gilbert -
Ryan Sompayrac -
Clifton McCrory -
Chris Sands -
Sands Investment Group
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Childcare Network - Wilson, NC | 143 Patsy St
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