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Child Care

La Petite Academy

220 Exchange Pl NW, Huntsville, AL 35806

Listing Price: $2,609,333

Cap Rate
6.00%
Tenant Name
La Petite Academy
Years Remaining On Lease
8.5
Guarantor
Corporate Guarantee
Rentable SF
9,785
Lease Type
Double Net
Rent Per Square Feet
$16.00

Investment Overview

The subject property has a recently signed 10 year corporate lease by La Petite Academy in the heart of Huntsville, Alabama. The lease includes 10% rental increases every 5 years, with the first rental increase scheduled for year 6, and throughout the 4 (5) year option periods. The property is strategically located in an extremely dense residential and business - oriented part of Huntsville. It is less than 1 mile from Cummings Research Park. With over 113,000 people in a 5 mile radius with over 6% growth projections over the next 5 years. This La Petite Academy is well positioned for long term stability and growth within a major market.

Investment Highlights

  • Brand New 10 - Year Corporate Lease w/ 10% Rent Increases
  • Great Visibility & Access Right Off I-565 & Research Park Blvd with Traffic Counts Exceeding 140,000 Vehicles Per Day
  • 6.0% Expected Population Growth Over the Next 5 Years (Biggest Metro in Alabama)

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Child Care

La Petite Academy

Listing Price: $2,609,333

Cap Rate
6.00%
Tenant Name
La Petite Academy
Years Remaining On Lease
8.5
Guarantor
Corporate Guarantee
Rentable SF
9,785
Lease Type
Double Net
Rent Per Square Feet
$16.00

Investment Highlights

  • Brand New 10 - Year Corporate Lease w/ 10% Rent Increases
  • Great Visibility & Access Right Off I-565 & Research Park Blvd with Traffic Counts Exceeding 140,000 Vehicles Per Day
  • 6.0% Expected Population Growth Over the Next 5 Years (Biggest Metro in Alabama)

Investment Overview

The subject property has a recently signed 10 year corporate lease by La Petite Academy in the heart of Huntsville, Alabama. The lease includes 10% rental increases every 5 years, with the first rental increase scheduled for year 6, and throughout the 4 (5) year option periods. The property is strategically located in an extremely dense residential and business - oriented part of Huntsville. It is less than 1 mile from Cummings Research Park. With over 113,000 people in a 5 mile radius with over 6% growth projections over the next 5 years. This La Petite Academy is well positioned for long term stability and growth within a major market.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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