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Child Care

Childtime | Brand-New Lease Extension

7453 1/2 Morgan Rd, Liverpool, NY 13090

Listing Price: $845,000

Cap Rate
6.75%
Tenant Name
Childtime
Years Remaining On Lease
5.2
Gross SF
6,200
Guarantor
Corporate Guarantee
Rentable SF
6,200
Price/Gross SF
$136.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.19

Investment Overview

Marcus & Millichap is pleased to present for sale Childtime, located in Liverpool, New York. Childtime is one of the nations leading Child Care & Learning Center establishments, with nearly 200 locations across the country. Childtime is wholly owned by parent company Learning Care Group, Inc, who operates 11 childcare brands, spanning over 1,050 locations, 20,000 employees, and has an annual
enrollment count of over 156,000 students. Childtime comes with a corporate guaranty by Childtime Childcare, Inc, and is headquartered in Novi, Michigan. The subject property is a long-standing site, which was constructed in 1989 and retrofit in 1994 for Childtime. The subject property measures 6,200 square-feet and is situated on an oversized parcel measuring 1.76 acres. As a catalyst to their build out, Childtime signed an initial 20-year lease which ran until 2019 and has since exercised two options. Childtime just recently exemplified commitment & success at the site via extending their lease for an additional 5-years, which runs until 1/31/2029. Childtime has two 5-year options remaining after
current term. Childtime is currently paying well below marker rent of only $9.19/SF and has rent increases averaging 5.27% in option periods, which provides a steady hedge against inflation. Childtime is bound by a landlord favorable triple-net lease and is responsible for all operating expenses which includes Tax, CAM & Insurance expenses, as well as roof & structure costs. Ownership benefits from a prominent & well-backed brand, favorable lease structure, top-quality construction, and irreplaceable real estate.

The subject property is located in Liverpool, NY, which is part of the Syracuse MSA and home to over 662,557 people. Childtime is located along Morgan Rd, which sees over 15,152 vehicles per day. The subject property benefits from being immediately surrounded by dense residential neighborhoods, and one the region’s top industrial hubs. The combination of residential and industrial uses nearby provides a thriving daytime workforce and the need for nearby childcare options. Immediate permanent demographics are dense and mature with population counts of 6,684 within 1-mile, 51,491
within 3-miles and 118,525 within 5-miles. Syracuse is the County Sea of Onondaga County and the 5th Most Populous City in New York. Syracuse is home to Syracuse University, SUNY Upstate Medical University, SUNY ESF, and Le Moyne College.

Investment Highlights

  • Childtime | Liverpool, New York | Syracuse MSA with Total Population Over 662,500 People
  • One of the Nations Premier Child Care Brands | Over 200 Locations Across 17 States | Corporate Guaranty and Favorable Triple-Net Lease
  • Wholly Owned Subsidiary of the Learning Care Group, Inc | Owns and Operates Over 1,050 Locations Across Nation | Annual Enrollment Exceeding 156,000 | Over 20,000 Employees
  • Mission Critical Location for Childtime and Learning Care Group, Inc | Surrounded by Dense Residential Neighborhoods and Daytime Workforce | Major Need for Child Care Options
  • Below Market Rent | Only $9.19 per Square Foot | Only Daycare within 10-Minute Drive
  • True Irreplaceable Real Estate | Directly Off Morgan Road | 15,152 Vehicles per Day | Located at Junction of Residential and Industrial Hubs
  • 6,200 Square-Feet and Situated on Oversized Parcel Measuring 1.76 Acres | Reasonable Rent per Square Foot and Offered Well Below Replacement Cost
  • Dense and Mature Immediate Demographics | Population Counts of 6,684 within One Mile, 51,491 within Three Miles and 118,525 within Five Miles

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Financing By

Child Care

Childtime | Brand-New Lease Extension

Listing Price: $845,000

Cap Rate
6.75%
Tenant Name
Childtime
Years Remaining On Lease
5.2
Gross SF
6,200
Guarantor
Corporate Guarantee
Rentable SF
6,200
Price/Gross SF
$136.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.19

Investment Highlights

  • Childtime | Liverpool, New York | Syracuse MSA with Total Population Over 662,500 People
  • One of the Nations Premier Child Care Brands | Over 200 Locations Across 17 States | Corporate Guaranty and Favorable Triple-Net Lease
  • Wholly Owned Subsidiary of the Learning Care Group, Inc | Owns and Operates Over 1,050 Locations Across Nation | Annual Enrollment Exceeding 156,000 | Over 20,000 Employees
  • Mission Critical Location for Childtime and Learning Care Group, Inc | Surrounded by Dense Residential Neighborhoods and Daytime Workforce | Major Need for Child Care Options
  • Below Market Rent | Only $9.19 per Square Foot | Only Daycare within 10-Minute Drive
  • True Irreplaceable Real Estate | Directly Off Morgan Road | 15,152 Vehicles per Day | Located at Junction of Residential and Industrial Hubs
  • 6,200 Square-Feet and Situated on Oversized Parcel Measuring 1.76 Acres | Reasonable Rent per Square Foot and Offered Well Below Replacement Cost
  • Dense and Mature Immediate Demographics | Population Counts of 6,684 within One Mile, 51,491 within Three Miles and 118,525 within Five Miles

Investment Overview

Marcus & Millichap is pleased to present for sale Childtime, located in Liverpool, New York. Childtime is one of the nations leading Child Care & Learning Center establishments, with nearly 200 locations across the country. Childtime is wholly owned by parent company Learning Care Group, Inc, who operates 11 childcare brands, spanning over 1,050 locations, 20,000 employees, and has an annual enrollment count of over 156,000 students. Childtime comes with a corporate guaranty by Childtime Childcare, Inc, and is headquartered in Novi, Michigan. The subject property is a long-standing site, which was constructed in 1989 and retrofit in 1994 for Childtime. The subject property measures 6,200 square-feet and is situated on an oversized parcel measuring 1.76 acres. As a catalyst to their build out, Childtime signed an initial 20-year lease which ran until 2019 and has since exercised two options. Childtime just recently exemplified commitment & success at the site via extending their lease for an additional 5-years, which runs until 1/31/2029. Childtime has two 5-year options remaining after current term. Childtime is currently paying well below marker rent of only $9.19/SF and has rent increases averaging 5.27% in option periods, which provides a steady hedge against inflation. Childtime is bound by a landlord favorable triple-net lease and is responsible for all operating expenses which includes Tax, CAM & Insurance expenses, as well as roof & structure costs. Ownership benefits from a prominent & well-backed brand, favorable lease structure, top-quality construction, and irreplaceable real estate. The subject property is located in Liverpool, NY, which is part of the Syracuse MSA and home to over 662,557 people. Childtime is located along Morgan Rd, which sees over 15,152 vehicles per day. The subject property benefits from being immediately surrounded by dense residential neighborhoods, and one the region’s top industrial hubs. The combination of residential and industrial uses nearby provides a thriving daytime workforce and the need for nearby childcare options. Immediate permanent demographics are dense and mature with population counts of 6,684 within 1-mile, 51,491 within 3-miles and 118,525 within 5-miles. Syracuse is the County Sea of Onondaga County and the 5th Most Populous City in New York. Syracuse is home to Syracuse University, SUNY Upstate Medical University, SUNY ESF, and Le Moyne College.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

Financing By

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