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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
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,900 SF
Building Class
B
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
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 7,900 SF
- -
- Triple Net
- Jan 2035
Childtime Learning Centers began in 1967 as part of Gerber Products Corporation and has grown into a major childcare provider. The company operates numerous centers nationwide that serve children from infancy to school age with comprehensive early education programs. As a Learning Care Group subsidiary, Childtime emphasizes social-emotional development through structured curriculums while maintaining family-friendly environments. Their services include infant care, preschool, and after-school programs designed to support working families. Childtime continues expanding its national footprint through strategic partnerships and new center openings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 7,900 SF | - | Triple Net | Jan 2035 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 78-00112 | Improvements Assessment | $216,759 |
| Land Assessment | $83,790 | Total Assessment | $300,549 |
Property Taxes
Parcel Number
78-00112
Land Assessment
$83,790
Improvements Assessment
$216,759
Total Assessment
$300,549
Contacts
-
Spencer Berkley -
Mark Ruble -
Christopher Lind -
Zack House -
Michael Glass -
Marcus & Millichap
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