Child Care
Childcare Network (Corp. 9 Years Remaining)
2881 E Park Ave, Tallahassee, FL 32301
Listing Price: $2,208,000
Investment Overview
Marcus & Millichap is proud to offer for sale the Childcare Network facility located in Tallahassee, Florida at 2881 East Park Avenue. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is corporate guaranteed by Childcare Network (230+ schools nationally) which is headquartered in Columbus, Georgia. The current lease was originally signed in 2012 and currently is set to expire in approximately 9 years or on June 30th, 2032. The lease includes rent escalations every three years throughout the lease and the option periods and the increase is tied to CPI with a max of 6%. The childcare facility was built in 2012 and the building is 8,750 square feet and sits on a 0.95 acre parcel of land.
Childcare Network (Corp. 9 Years Remaining)
Investment Highlights
- Absolute NNN, Corporate Guaranteed Lease through June 2032
- Childcare Network is the 4th Largest for Profit childcare brand in the United States with 230+ Schools in 11 Different States
- More than 135,000 Residents Live Within 5 Miles of the Subject Property
- Rent Escalations Tied to CPI with a Max of 6% Every 3 Years
Exclusively Listed By
Broker of Record
Listing Price: $2,208,000
Investment Highlights
- Absolute NNN, Corporate Guaranteed Lease through June 2032
- Childcare Network is the 4th Largest for Profit childcare brand in the United States with 230+ Schools in 11 Different States
- More than 135,000 Residents Live Within 5 Miles of the Subject Property
- Rent Escalations Tied to CPI with a Max of 6% Every 3 Years
Investment Overview
Marcus & Millichap is proud to offer for sale the Childcare Network facility located in Tallahassee, Florida at 2881 East Park Avenue. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is corporate guaranteed by Childcare Network (230+ schools nationally) which is headquartered in Columbus, Georgia. The current lease was originally signed in 2012 and currently is set to expire in approximately 9 years or on June 30th, 2032. The lease includes rent escalations every three years throughout the lease and the option periods and the increase is tied to CPI with a max of 6%. The childcare facility was built in 2012 and the building is 8,750 square feet and sits on a 0.95 acre parcel of land.
Exclusively Listed By
Broker of Record
