Kid City USA | Triple Net (NNN) Lease
$957,085
655 Northgate Drive Northwest, Arab, AL 35016
For Sale
Special Purpose
Pending
Last Updated: 11/29/2021
7
Cap Rate
66,996
NOI
Details:
Cap Rate: 7%
NOI: $66,996
Building Size: 5,583 sqft
Lot Area: 2.21 acres
Year Built: 1987
Price Per Sqft: $171.43
Roof & Structure: Tenant’s Responsibility
HVAC: Tenant’s Responsibility
Repairs & Maintenance: Tenant’s Responsibility
Highlights:
- Brand New 15 Year Triple Net (NNN) Lease With Zero Landlord Responsibility
- Corporate and Personal Guarantee
- Kid City USA Has Been in Business For More Than 20 Years With Nearly 40 Locations in Both Florida and Indiana; They Are Rapidly Expanding Due to the Quality of Their Programs
- Location Sits Just Off the Major North West Corridor of Arab (Highway 231) Which Sees Traffic of 17,792 Vehicles Per Day
- Residents Make an Average Household Income of $65,409 Within a 3-Mile Radius
- Arab is Located on Top of Brindlee Mountain (One of the Highest Points in the State) and is Rich in Heritage and History
- Lake Guntersville Resort State Park is Just 15 Minutes Away Along the Tennessee River; It Offers Up Camping, Chalets, Event Facilities, Horseback Riding, Boating, Fishing and More on Its 6,000 Acres of Natural Woodlands
- Arab is the Host of the Annual Poke Salat Festival, the Longest Running Event in Northern Alabama
- Huntsville is 30 Minutes to the North, While Birmingham is 1 Hour to the South
- Nearby Tenants Include: Walmart Supercenter, Arab Veterinary Hospital, Tractor Supply, Papa John’s, McDonald’s, Foodland, Sonic, Zaxby’s, Arby’s, Dairy Queen, Dollar Tree and Dollar General
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,583 SF Kid City USA Located at 655 Northgate Drive NW in Arab, AL. This Opportunity Includes a Brand New 15 Year Triple Net (NNN) Lease With Zero Landlord Responsibility, Providing For a Great Investment.
In Cooperation with BoR: Andrew Ackerman
Lic. #C0001099750
Documents:
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Offering Memorandum |
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