Overview

Offered by

Michael York

VP Investment Sales

Greybridge

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This listing was sold on 2022-10-11T15:22:54Z

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 3309 Faith Church in Indian Trail, NC (the “Property”). The Property consists of a 11,256 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 10+ years lease term remaining, featuring annual 3.0% increases.

The Property is located within Indian Trail/Lake Park Village in Southeast Charlotte. Ranked #9 for Best Place for Young Families in North Carolina. Indian Trail has experienced an average of 8.3% 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

Wonder Children's Academy is a North Carolina-based leading provider of high-quality childcare and after-school 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, Wonder Academy is growing, and responding to the urgent need in America for high-quality childcare.

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