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Child Care

Childcare Network (240+ Unit Corp. Guarantee - Abs. NNN)

2881 E Park Ave, Tallahassee, FL 32301

Listing Price: $2,088,000

Cap Rate
6.50%
Tenant Name
Childcare Network
Years Remaining On Lease
7.4
Gross SF
8,750
Guarantor
Corporate Guarantee
Rentable SF
8,750
Price/Gross SF
$238.63
Lease Type
Absolute Net
Rent Per Square Feet
$15.51

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 (240+ schools nationally) which is headquartered in Columbus, Georgia. The current lease was originally signed in 2012 and currently is set to expire 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.

Investment Highlights

  • Corporate Guaranteed Childcare Network (240+ Schools in 11 States)
  • Absolute NNN Lease Through June 2032
  • Rent Escalations Tied to CPI with a Max of 6% Every 3 Years
  • More than 135,000 Residents Live Within 5 Miles of the Subject Property
  • Tallahassee is Home to Several Colleges and Universities Including Florida State University

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Child Care

Childcare Network (240+ Unit Corp. Guarantee - Abs. NNN)

Listing Price: $2,088,000

Cap Rate
6.50%
Tenant Name
Childcare Network
Years Remaining On Lease
7.4
Gross SF
8,750
Guarantor
Corporate Guarantee
Rentable SF
8,750
Price/Gross SF
$238.63
Lease Type
Absolute Net
Rent Per Square Feet
$15.51

Investment Highlights

  • Corporate Guaranteed Childcare Network (240+ Schools in 11 States)
  • Absolute NNN Lease Through June 2032
  • Rent Escalations Tied to CPI with a Max of 6% Every 3 Years
  • More than 135,000 Residents Live Within 5 Miles of the Subject Property
  • Tallahassee is Home to Several Colleges and Universities Including Florida State University

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 (240+ schools nationally) which is headquartered in Columbus, Georgia. The current lease was originally signed in 2012 and currently is set to expire 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

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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