2621 Consaul Rd - Day Care Center FOR SALE


Schenectady, NY 12304- Outer Schenectady
$1,300,000 USD
212-203-6971
2621 Consaul Rd, Schenectady, NY for Sale
$1,300,000 USD
Day Care Center - FOR SALE
1/3
null | 7.85% Cap Rate

2621 Consaul Rd
Schenectady, NY 12304
Outer Schenectady


OVERVIEW

$1.3M Childcare Investment Property | Long-Term Tenant | 20-Year Potential Lease Term Strong Investment Opportunity with Established Childcare Tenant Excellent opportunity to acquire a well-maintained commercial property occupied by an established children's daycare and preschool operator. The childcare business was recently sold to a new operator, providing the property with a strong, established tenant and a newly executed long-term lease. The property is being offered at $1,300,000 and represents an attractive opportunity for an investor seeking a commercial property with a quality tenant, long-term lease commitment, and built-in rental increases. Lease Highlights 10-year initial lease term Two additional 5-year extension options Potential total lease term of 20 years Lease commenced August 7, 2026 Current base rent: $8,500/month ($102,000 annually) Contractual annual rent increases throughout the initial term Base rent increases to approximately $10,158/month by Year 10 First 5-year option increases from approximately $10,361/month to $11,216/month Second 5-year option increases from approximately $11,440/month to $12,383/month Tenant is responsible for property taxes, insurance, utilities, maintenance, and other property-related costs under the modified net lease structure. Tenant has a clearly defined permitted use for childcare center and preschool operations. Why This Is an Attractive Investment This property offers an investor the opportunity to acquire real estate with a strong operating tenant already in place, eliminating the need to lease up a vacant property or find a new tenant. The childcare tenant has made a long-term commitment to the property, with a 10-year initial term plus two 5-year options, providing the potential for up to 20 years of occupancy. The lease also provides for predictable contractual rent increases, creating growing rental income over time. The initial annual base rent of $102,000 increases each year throughout the initial term. Additionally, the modified net lease structure places significant property-related expenses on the tenant, including taxes, insurance, utilities, maintenance, and other operating costs, making this an attractive investment for an owner seeking relatively predictable ownership expenses. Investment Highlights $1,300,000 Asking Price Established childcare/preschool tenant 10-year initial lease Two 5-year renewal options Up to 20 years of potential tenancy $102,000 initial annual base rent Contractual annual rent increases Rent reaches approximately $121,900 annually by Year 10 Potential rent reaches approximately $148,600 annually during the second 5-year option Modified net lease structure Tenant responsible for taxes, insurance, utilities, and maintenance Recently completed business sale provides a new operator/tenant Strong underlying use as a childcare/preschool facility Attractive long-term investment with built-in income growth

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

7.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

26,850 SF

ZONING

02

APN/PARCEL ID

060-023-0001-007-000-0000

ASK ABOUT THIS PROPERTY

Henry GalassoEast Coast Business Brokers C/O East Coast RealtyMore Info
212-203-6971

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Henry GalassoEast Coast Business Brokers C/O East Coast RealtyMore Info
212-203-6971

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.