Gastonia, NC - Child Development Schools

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Childcare Network by Child Development Schools investment property located in Gastonia, North Carolina. The tenant, Child Development Schools, Inc. has approximately 4 years remaining on their lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases of the lesser of 10% and 1.25x 5-year CPI at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for an passive investor. The Child Development Schools system is backed by a 260+ unit signature.

The property is located near the signalized, hard corner intersection of State Highway 7 and State Highway 279. State Highway 7 is a major retail thoroughfare serving the city of Gastonia. The property is located approximately 16 miles from downtown Charlotte, and is easily accessible from all neighborhoods of Charlotte and the surrounding areas. The asset is within walking distance to Brookside Elementary School, which has an enrollment of over 500 students. The site is approximately 1.50 miles from Gastonia’s largest retail corridor, which includes Target, Sam’s Club, Hobby Lobby, Walmart, Lowe’s Home Improvement, and more. Other nearby national/credit tenants include The Home Depot, Burlington, Kohl’s, PetSmart, Harbor Freight Tools, Chick-fil-A, Starbucks, Olive Garden, and more, further increasing consumer traffic to the site. 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 a population of over 95,200 with an average household income of $79,641.