Child Care
Building Blocks For Tots
3960 Lake Wilson Rd, Wilson, NC 27896
Listing Price: $1,667,617
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.
Listing Price: $1,667,617
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.
