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Childcare Network - Kenly, NC (Lease) 1250 Bay Valley Rd 6,400 SF of Retail Space Available in Kenly, NC 27542
Highlights
- Absolute Triple Net (NNN) Lease with a targeted 15-year term, 2% annual rent increases, and a rental rate of $9.96 PSF.
- Below-market rent allows tenants to allocate capital toward interior improvements, specialized equipment, and customized buildouts.
- A 15-year lease term provides operators with the ability to establish and grow a durable presence in the strong Raleigh/Durham MSA & Johnston County.
- Offered at $9.96 PSF, which is below nearby retail and office rents, positioned 40 minutes east of Raleigh in the Raleigh/Durham MSA.
- The property is ideally positioned on a 5.43-acre lot between several large suburban neighborhoods and many key employers in the area.
- Well-suited for owner-users and expanding early education or office operators seeking a visible, well-located footprint in East Raleigh.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 6,400 SF | 15 Years | $9.96 /SF/YR $0.83 /SF/MO $63,744 /YR $5,312 /MO | Triple Net (NNN) |
1st Floor, Ste 1
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Childcare Network - Kenly, NC (Lease)
- Tenant
- Description
- US Locations
- Reach
- Childcare Network - Kenly, NC (Lease)
- Educational Services
- -
- -
| Tenant | Description | US Locations | Reach |
| Childcare Network - Kenly, NC (Lease) | Educational Services | - | - |
Property Facts
| Total Space Available | 6,400 SF | Gross Leasable Area | 6,400 SF |
| Property Type | Retail | Year Built | 1999 |
| Property Subtype | Day Care Center | Parking Ratio | 3.13/1,000 SF |
| Total Space Available | 6,400 SF |
| Property Type | Retail |
| Property Subtype | Day Care Center |
| Gross Leasable Area | 6,400 SF |
| Year Built | 1999 |
| Parking Ratio | 3.13/1,000 SF |
About the Property
Sands Investment Group is pleased to exclusively offer for lease the 6,400 SF Vacant Early Education Center located at 1250 Bay Valley Road in Kenly, NC. This offering is targeting an Absolute Triple Net (NNN) Lease With a 15-year term, 2% annual rent increases, and an attractive rental rate of $9.96 PSF. In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
- Signage
Contacts
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Andrew Gilbert -
Ryan Sompayrac -
Clifton McCrory -
Chris Sands -
Sands Investment Group
