8101 Target Side Dr - Day Care Center FOR SALE


Raleigh, NC 27616- Triangle Town Center
$5,360,000 USD
8101 Target Side Dr, Raleigh, NC for Sale
$5,360,000 USD
Day Care Center - FOR SALE
1/7
null | 6.25% Cap Rate

8101 Target Side Dr
Raleigh, NC 27616
Triangle Town Center


HIGHLIGHTS

  • Premier Location – Dense Bedroom Community – Less Than One Block from Triangle Town Center Mall
  • 12+ Years remaining on 15 Year NNN Lease by The Learning Experience 400+ Locations
  • Rare 12% Bumps Every 5 Years plus Options – Minimal LL Duties
  • Large Parcel with Access from Multiple Streets
  • Fantastic Retail Corridor – All Major Retailer within half a Mile
  • By 2026 Total Spending on Day Care and Education Expected to Increase to ~$102.9M (21% Increase)

OVERVIEW

Colliers National Net Lease Group is pleased to present an opportunity to purchase a newer construction single tenant net leased asset occupied by The Learning Experience with 12+ years remaining on a 15-year lease and 12% increases every 5 years. The subject property is run by a multi-unit operator and sits along the heavily trafficked Old Wake Road. This dense retail corridor is shadow anchored by Super Walmart, Target, and Raleigh’s preeminent mall - Triangle Town Center. Surrounding tenants also include Marshalls, Ross, Aldi, Burlington, and many others. This is an excellent opportunity to purchase a STNL The Learning Experience with above average rental increases, in a fantastic retail corridor and minimal landlord responsibility providing true long-term passive income in the fastest growing childcare company in the Nation.

FOR SALE DETAILS

PRICE

$5,360,000 USD

PRICE/SF

$536 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

CX-4

APN/PARCEL ID

1727.20-80-9783-000

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