1201 S Pollock St - Day Care Center FOR SALE
Selma, NC 27576 |
$937,594 USD
678-365-5168
1201 S Pollock St
Selma, NC 27576
HIGHLIGHTS
- Corporate guarantee from Child Development Schools, Inc., a leading national childcare provider and one of the top 5 operators in the country.
- Rare 3% annual rental escalations with 10 years of term remaining on a Double Net (NN) Lease.
- Located in the Raleigh–Durham (Triangle) MSA, widely recognized as the fastest-growing major metropolitan area in North Carolina.
- The property is ideally positioned on a 0.89-acre lot between several large suburban neighborhoods and many key employers in the area.
- Total consumer spending on education and daycare exceeds $15 million annually within a 5-mile radius of this location.
- The U.S. child care market was valued at USD 60.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.18% from 2023.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 7,212 SF Childcare Network located at 1201 S Pollock Street in Selma, NC. This compelling investment opportunity features rare 3% annual rent escalations and 10 years of remaining lease term on a Double Net (NN) Lease, providing investors with stable and increasing cash flow. With landlord responsibilities limited to the roof and structure, the asset offers a highly passive ownership structure while benefiting from the security of an established childcare operator and favorable lease terms.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
FOR SALE DETAILS
PRICE
$937,594 USD
PRICE/SF
$231 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Childcare Network - Selma, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
ADD'L SUBTYPES
Freestanding, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
16
LAND DETAILS
LAND ACRES
0.89 AC
LAND SF
38,768 SF
ZONING
COM
APN/PARCEL ID
14046199A
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678-365-5168
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678-365-5168
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