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AIM Academy (Corporate) 899 Boardroom Dr 9,758 SF Retail Building Prattville, AL 36066 $4,200,000 ($430.42/SF) 7.50% Cap Rate
Investment Highlights
- Rare Low Price Point for New Construction Childcare Property
- 2024 Construction, 14+ Years Remaining on an Absolute NNN Lease w/ 10% Rental Increases
- Excellent Average HH Income of $113k+, Projected to Grow 10% by ‘30
- Excellent Enrollment, Near Full (Contact Broker)
- Corporate & Personal Guaranty from Founders (Full Duration of Lease)
- Surrounding National Retailers include Publix (New Construction), Chick-fi-A (New Construction, McDonald’s, Whataburger, Bass Pro Shops
Executive Summary
In Association with Scott Reid & Parasell, Inc. | A licensed Alabama Broker #000127148-0
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Day Care Center
Building Size
9,758 SF
Building Class
B
Year Built
2024
Price
$4,200,000
Price Per SF
$430.42
Cap Rate
7.50%
NOI
$315,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.88 AC
Zoning
CMX - Commercial mixed use
Frontage
253’ on BOARDROOM DR
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- AIM Academy
- Educational Services
- 9,758 SF
- -
- Triple Net
- Dec 2039
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| AIM Academy | Educational Services | 9,758 SF | - | Triple Net | Dec 2039 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-07-36-0-000-006-202-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $499,220 |
Property Taxes
Parcel Number
10-07-36-0-000-006-202-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$499,220
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AIM Academy (Corporate) | 899 Boardroom Dr
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