Childcare Network with Rent Bumps
$3,425,500
5820 Northwest 41st Street, Oklahoma City, OK 73122
7
Cap Rate
239,785
NOI
Details:
Highlights:
- 15 Year Absolute NNN Lease
- No Landlord Responsibilities
- Oklahoma City Market!
- 6% Rental Rate Increases Every 5 Years
- Three (5 Year) Options Each | 6% Rent Increase at Each
- Corner Site | Seeing 19,210 Cars Per Day
- Just Opened in April 2024
- 5 Mile Population 202,541 | Expected Growth 3.97%
- 1 Mile Average Household Income $59,252
- Surrounded by Residential Homes & Businesses | Densely Populated Area
Description:
Fortis Net Lease is pleased to present this new 9,281 SF Childcare Network daycare center located in Warr Acres, Oklahoma - part of the Oklahoma City Market! This 15 year Absolute NNN Lease will require zero landlord responsibilities. The lease offers 6% rental rate increases every 5 years including at each of the 3 (5 Year) Options. The lease is corporately guaranteed. The store has completed construction and successfully opened for business in April 2024.
This Childcare Network benefits from excellent visibility as it is located on the corner of NW 41st Street & N MacArthur Blvd seeing 19,210 cars per day. The site is densely populated and surrounded by homes and businesses. The 5 mile population from the site is 202,541. The 1 mile household income is $59,252. This is area of Oklahoma is seeing a steady growth in population. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 7.00% cap rate based on NOI of $239,785.
Documents:
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| Offering Memorandum |
Location
Gallery
