$2,800,000 USD
813-379-2964
HIGHLIGHTS
- Long-Term Lease – 8 years remaining, with one 10-year option to renew.
- Intrinsic Value – Replaceable rent of $24.92/SF, consistent with market rent for the area and for similar childcare tenants.
- Superior Tenant Strength – Tenant has been in business since 1993 and has consistently served as a trusted child care provider for families
- Optimal Accessibility – Situated off East W.T. Harris Blvd – NC 24 (±48,000 VPD), providing seamless access to/from the area’s employers
- Desirable Submarket – Located in Charlotte’s University City neighborhood, home to major employers including UNC Charlotte, Atrium Health, Wells Fargo
- Favorable Demographics – Approximately ±214,521 population, ±81,512 households and average household income of $92,921 within 5-mile radius.
FOR SALE DETAILS
PRICE
$2,800,000 USD
PRICE/SF
$354 USD /SF
CAP RATE
6.51%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
ADD'L SUBTYPES
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
29
LAND DETAILS
LAND ACRES
1.05 AC
LAND SF
45,738 SF
ZONING
BPCD
APN/PARCEL ID
105-371-31
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813-379-2964
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813-379-2964
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