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Childtime (Learning Care Group) 3475 Embassy Pky 7,900 SF Retail Building Akron, OH 44333 $2,920,000 ($369.62/SF) 6.75% Cap Rate

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Investment Highlights

More Than 9 Years Remaining on Absolute Triple-Net (NNN) Lease
Significant Tenant Capital Commitment To Property With $485,000 Toward Property Improvements
Daytime Population Exceeds 70,000 Within 5 Miles

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
10% Rental Increases Every 5 Years with Multiple Renewal Options
Easily Accessible by More Than 57,200 Cars Per Day on Interstate 77

Executive Summary

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.

ChildTime - Fairlawn, OH_Marketing Package

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Day Care Center

Building Size

7,900 SF

Building Class

Year Built

1997

Price

$2,920,000

Price Per SF

$369.62

Cap Rate

6.75%

NOI

$197,015

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

1.20 AC

Parking

20 Spaces (2.53 Spaces per 1,000 SF Leased)

Frontage

233’ on Embassy Pky

Major Tenants

Health Care and Social Assistance
7,900 SF
-
Triple Net
Jan 2035

Founded in 1967 as a division of Gerber Products Corporation, Childtime now has learning centers across the country—many conveniently located in hospitals, government facilities, corporate sites, and office parks. They offer child care and early education services to children from ages six weeks through 12 years. Highly trained, dedicated directors, teachers, and staff are present every day to ensure your child’s well-being and to guide them on their journey. Their homelike setting and safe, secure environment make their centers the perfect place for children to play, laugh, and discover. Childtime is a subsidiary of Learning Care Group, Inc., a for-profit provider of early childhood care and education services in the United States.