Overview

Description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, O2B Kids investment property located in Madison, Alabama. The tenant, O2B Early Education Holding, Inc has over 14 years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to structure making it an ideal, low-management investment opportunity for a passive investor. O2B Kids is a leading provider of early education services for children in the Southeast U.S.

The subject property is located along County Line Rd. which averages 19,900 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large monument sign. The asset is in close proximity to multiple national/credit tenants including Publix, Walgreens, McDonald’s, O’Reilly Auto Parts, Wendy’s, Sonic, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by over 87,000 residents and 27,000 students, providing a direct consumer base from which to draw. The 1-mile trade area boast an affluent average household income of $170,148.

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