Log In/Sign Up
Your email has been sent.
5305 Perrine Rd
Midland, MI 48640
Specialty Property For Sale
·
11,941 SF
Investment Highlights
- Corporate guaranty from Learning Care Group Inc
- Purpose-built facility designed specifically for childhood education use
- 50k residents live within 5 miles with avg. HH income of $153k
- Large 3.54-acre site offering operational flexibility
- NNN lease with very limited landlord responsibilities
- Healty rent escalations to offset inflation (7.5% every 5 years)
Executive Summary
Fortis Net Lease is pleased to present the opportunity to acquire a newly constructed,
single-tenant net lease asset located at 5305 Perrine Rd, Midland, MI 48640. The
property is occupied by Learning Care Group (US), Inc under its Gilden Woods Midland
brand, with a lease commencement date of September 16, 2024 and an expiration date
of September 30, 2039. The offering benefits from a long-term, corporate-backed lease
structure and is supported by one of the nation’s leading early childhood education
operators.
single-tenant net lease asset located at 5305 Perrine Rd, Midland, MI 48640. The
property is occupied by Learning Care Group (US), Inc under its Gilden Woods Midland
brand, with a lease commencement date of September 16, 2024 and an expiration date
of September 30, 2039. The offering benefits from a long-term, corporate-backed lease
structure and is supported by one of the nation’s leading early childhood education
operators.
Property Facts
| Sale Type | Investment | Lot Size | 3.44 AC |
| Cap Rate | 7.25% | Building Size | 11,941 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Schools | Year Built | 1980 |
| Building Class | C | Parking Ratio | 3.01/1,000 SF |
| Zoning | RA1 | ||
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | C |
| Lot Size | 3.44 AC |
| Building Size | 11,941 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 3.01/1,000 SF |
| Zoning | RA1 |
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 14-06-60-300 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,352,942 CAD |
Property Taxes
Parcel Number
14-06-60-300
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,352,942 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
