3475 Embassy Pky - Day Care Center FOR SALE


Akron, OH 44333- Copley/Fairlawn
$2,920,000 USD
602-541-1019
3475 Embassy Pky, Akron, OH for Sale
$2,920,000 USD
Day Care Center - FOR SALE
1/6
null | 6.75% Cap Rate

3475 Embassy Pky
Akron, OH 44333
Copley/Fairlawn


HIGHLIGHTS

  • More Than 9 Years Remaining on Absolute Triple-Net (NNN) Lease
  • Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with 1,150+ Schools Across 11 Brands
  • Significant Tenant Capital Commitment To Property With $485,000 Toward Property Improvements
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Daytime Population Exceeds 70,000 Within 5 Miles
  • Easily Accessible by More Than 57,200 Cars Per Day on Interstate 77

OVERVIEW

Childtime offers child care and early education services from ages six weeks through 12 years. Highly trained, dedicated directors, teachers, and staff are present every day to ensure children's well-being and to guide them on their journey. Fairlawn is a city in western Summit County, Ohio, and a suburb of Akron. With a resident population of around 7,700 people and a daytime population that swells significantly due to its concentration of offices, retail centers and services, Fairlawn serves as an important business and consumer destination in the region.

FOR SALE DETAILS

PRICE

$2,920,000 USD

PRICE/SF

$370 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Childtime (Learning Care Group)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

78-00112

ASK ABOUT THIS PROPERTY

Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

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Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

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