The Growing Years | 24 Briar Cliff Dr
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The Growing Years 24 Briar Cliff Dr
14,000 SF Retail Building Clayton, NC 27527 $5,451,031 ($389/SF) 6.75% Cap Rate
Investment Highlights
- Premier Early Childhood Education has Been Successfully Operating and Growing Since 2018
- Clayton, NC, Is Experiencing Significant Growth, With Its Population Doubling Since 2000
- The Tenant/Guarantor Now Operates 120 Locations, with numerous others under LOI for acquisition.
Executive Summary
About the Investment
Long-Term, 20-Year Absolute Triple Net (NNN) Lease
Approximately 17.4 Years Remaining
Annual Increases | Lesser of CPI or 2%
Two(2), Five (5)-Year Tenant Renewal Options
Strong Enrollment Numbers | Contact Agent for Details
The Childcare Market Has Increased To A $65.1 Billion Valuation In 2023 With Growth
Expected To Compound At Nearly 4% Through 2027
Early Education Has Seen A 210% Revenue Increase Over The Last Five Years
Over 60% of families with young children have both parents working, creating a strong need
for childcare.
Long-Term, 20-Year Absolute Triple Net (NNN) Lease
Approximately 17.4 Years Remaining
Annual Increases | Lesser of CPI or 2%
Two(2), Five (5)-Year Tenant Renewal Options
Strong Enrollment Numbers | Contact Agent for Details
The Childcare Market Has Increased To A $65.1 Billion Valuation In 2023 With Growth
Expected To Compound At Nearly 4% Through 2027
Early Education Has Seen A 210% Revenue Increase Over The Last Five Years
Over 60% of families with young children have both parents working, creating a strong need
for childcare.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
14,000 SF
Building Class
B
Year Built
2021
Price
$5,451,031
Price Per SF
$389
Cap Rate
6.75%
NOI
$367,945
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.16 AC
Opportunity Zone
Yes
Zoning
PUD - Planned unit development
Parking
44 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 05I04003W | Improvements Assessment | $90,000 |
| Land Assessment | $291,850 | Total Assessment | $381,850 |
PROPERTY TAXES
Parcel Number
05I04003W
Land Assessment
$291,850
Improvements Assessment
$90,000
Total Assessment
$381,850
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The Growing Years | 24 Briar Cliff Dr
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