Harbor View Creative Learning Center | Absolute NNN Single Tenant Children's Academy

Highlights:

• 11-Year NNN Lease with Attractive Annual Rental Increases | The Tenant is operating under a 11 Year NNN lease with no landlord responsibilities that includes annual 3.0% rental increases, providing a significant hedge against inflation and a boost to the overall cash flow of the asset.
• Strong Guarantors | Once Upon A Childcare operate across 5 locations and boast strong guarantor positions that offer safety and peace of mind to an investor.
• Ideal Demographics | The 5-mile population has grown by 18% since 2010, with projected growth of 10% in the next 5 years.
• Incredible Ease of Access | Subject property is located in Matthews main commercial corridor with many major retailers, office users, and daytime employment.

Description:

Greybridge Partners, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in the commercial property located at 10836 Monroe Rd in Matthews, NC (the “Property”). The Property consists of a 10,640 SF building situated on a large 2.11-acre parcel of land. The build-to-suit Property was constructed in 2008 for the specific childcare facility needs of the operator. After acquiring the property the ownership completely renovated the building to meet the needs of the existing tenant. The Tenant has 11 years lease term remaining, featuring annual 3.0% increases.

The Property is located within Matthews in Southeast Charlotte. Ranked #5 for Best Place for Young Families in North Carolina. Matthews has experienced an average of 11.3% population growth over the past 5 years with this number expected to continue into the future. With close proximity to I-485 and NC 74 the location is ideal for a daycare operation. Over the next five years, tremendous population growth projected - 14.91% projected growth within 3-mile radius

Harbor View Creative Learning Center is a North Carolina based leading provider of high-quality childcare and afterschool programs. Their program is designed to nurture and stimulate growth in the development of each child in a safe and secure environment. They have programs developed for infants of six weeks old to children in kindergarten. Just like the students, Harbor View Creative Learning Center is growing, and responding to the urgent need in America for high-quality childcare.

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