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Child Care

Building Blocks For Tots

3960 Lake Wilson Rd, Wilson, NC 27896

Listing Price: $1,667,617

Cap Rate
5.75%
Tenant Name
Building Blocks For Tots
Years Remaining On Lease
12.3
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.70

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Building Blocks for Tots Early Learning Center located at 3960 Lake Wilson Road in Wilson, North Carolina. The site consists of roughly 7,000 rentable square feet of building space on estimated 1.03-acre parcel of land. This school is subject to a 15-year absolute triple-net (NNN) lease, which commenced November 1st, 2019. The current annual rent is set to increase by 2% in December 2022 to$95,888 and is scheduled to increase by 2% annually throughout the base term and in each of the 2, 5-year renewal options.

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Approximately 12 Years Remaining
  • Low $14/ft Rent in Comparison to Early Education Peers

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Child Care

Building Blocks For Tots

Listing Price: $1,667,617

Cap Rate
5.75%
Tenant Name
Building Blocks For Tots
Years Remaining On Lease
12.3
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.70

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Approximately 12 Years Remaining
  • Low $14/ft Rent in Comparison to Early Education Peers

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Building Blocks for Tots Early Learning Center located at 3960 Lake Wilson Road in Wilson, North Carolina. The site consists of roughly 7,000 rentable square feet of building space on estimated 1.03-acre parcel of land. This school is subject to a 15-year absolute triple-net (NNN) lease, which commenced November 1st, 2019. The current annual rent is set to increase by 2% in December 2022 to$95,888 and is scheduled to increase by 2% annually throughout the base term and in each of the 2, 5-year renewal options.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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