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Childcare Network - Wilson, NC 143 Patsy St 7,733 SF Retail Building Benson, NC 27504 $1,493,794 ($193.17/SF) 7% Cap Rate
Investment Highlights
- Corporate guarantee from Child Development Schools, Inc., a leading national childcare provider and one of the top 5 operators in the country.
- Located in the Raleigh–Durham (Triangle) MSA, widely recognized as the fastest-growing major metropolitan area in North Carolina.
- More than 5 major feeder elementary schools within a 5-mile radius, including Benson Elementary School, Meadow School Etc.
- Rare 3% annual rental escalations with 10 years of term remaining on a Double Net (NN) Lease.
- The property is ideally positioned on a 1.29-acre lot between several large suburban neighborhoods and key employers in the area.
- Total consumer spending on education and daycare exceeds $35 million annually within a 5-mile radius of this location.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 7,733 SF Childcare Network located in Benson, NC. The property features rare 3% annual rent escalations, 10 years of lease term remaining, and a Double Net (NN) Lease with limited landlord responsibilities for the roof and structure, providing investors with stable cash flow and long-term income growth.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,733 SF
Building Class
C
Year Built
2007
Price
$1,493,794
Price Per SF
$193.17
Cap Rate
7%
NOI
$104,566
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.29 AC
Zoning
IND - Industrial
Parking
27 Spaces (3.49 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Childcare Network
- Educational Services
- 7,733 SF
- $13.52
- Double Net
- Jun 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Childcare Network | Educational Services | 7,733 SF | $13.52 | Double Net | Jun 2036 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13E04042M | Improvements Assessment | $1,170,580 |
| Land Assessment | $269,720 | Total Assessment | $1,440,300 |
Property Taxes
Parcel Number
13E04042M
Land Assessment
$269,720
Improvements Assessment
$1,170,580
Total Assessment
$1,440,300
Contacts
-
Andrew Gilbert -
Ryan Sompayrac -
Clifton McCrory -
Chris Sands -
Sands Investment Group
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Childcare Network - Wilson, NC | 143 Patsy St
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