NNN Active Day Adult Daycare | Celebree School

Description:

Two-Tenant NNN Corporate Adult Daycare & Children’s Learning Center
Prominent 14,000 square foot property in Parkville, Baltimore County, MD 100% leased to two long-term triple-net tenants occupying since original 1996 construction.

National “Necessity” Tenants – Recently Renewed
• Active Day / Senior Care Centers of America is one of the nation’s largest adult day care providers with over one hundred locations. Shuttle service runs between this location and adjacent Oak Crest 87-acre Erickson senior living community. The tenant recently renewed for another five years.
• Celebree School, since 1994, has thirty-three early childhood locations and ten more opening throughout five states. This location, the original second, remains full with a waiting list; 6.5 years remain from the last 10-year renewal, with a 10% rental increase scheduled in 1.5 years.

Newly Renovated
Recent property upgrades include new 30-year roof, façade, parking lot, and systems upgrades. With both tenants reimbursing expenses, investors will acquire a long-term “hands-off” asset with stable and reliable growing cash flow in a high-barriers-to-entry location.

High Traffic Dense Location
Located off a signalized intersection on E. Joppa Road (20,663 ADT), north of Baltimore’s I-695 Beltway, in a dense mature submarket. 107,000 residents with $95,000 average household income, including 27,335 families, live within three miles, and 17,000 children between ages 0-4 within five miles.

Vibrant Economy
In AAA-bond rated Baltimore County, Parkville lies between two major area economic hubs with immediate access to all regional employment. Towson to the east hosts major medical and educational facilities including Towson University, Greater Baltimore Medical Center, University of Maryland St. Joseph Medical Center, Sheppard Pratt Health Systems. To the west White Marsh has seen 3.8 million square feet of business development in the last decade with companies such as GM Powertrain, FedEx, Kaiser Permanente, MedStar Health, Comcast, and Ikea.