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Child Care

La Petite Academy

10900 Nichols Blvd, Olive Branch, MS 38654

Listing Price: $1,114,000

Cap Rate
7.00%
Tenant Name
La Petite Academy
Years Remaining On Lease
7.2
Gross SF
14,498
Guarantor
Corporate Guarantee
Rentable SF
14,498
Price/Gross SF
$76.84
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.38

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple ownership in a corporate guaranteed (Learning Care Group - 950+ Total Schools, 450+ La Petite Sites) La Petite Academy childcare located in flourishing Olive Branch, Mississippi. The tenant currently has more than 7 years of lease term remaining at this site. This site has a 5-mile population in excess of 115,000 and is positioned just 26 miles from Downtown Memphis. La Petite Academy has a long history of operations at this site, lease began in 2004, and extended the lease five (5) separate times - showing a strong commitment to this site. The most recent extension came in August 2018 and was for an additional 9 years of term.

Investment Highlights

  • National, Internet-Resistant Tenant | La Petite Academy (Learning Care Group - 950+ Total Schools, 450+ La Petite Academy)
  • La Petite Academy has Extended the Lease Five (5) Separate Times at this Site | Most Recent Extension was a 9 Year Extension in August 2018
  • Triple-Net Lease | Minimal Landlord Responsibilities (Brick Construction with Metal Roof)
  • 5-Mile Population in Excess of 115,000
  • Large Footprint La Petite Academy Site with Low Rent/SF | 14,498 SF | Rent of $5.38/SF
  • Positioned Immediately Adjacent to Annandale Gardens | 400 Unit Apartment Complex | Built in 2001
  • Four Elementary Schools & Four Middle Schools Within 5.5 Miles of Subject Site

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Listing Price: $1,114,000

Cap Rate
7.00%
Tenant Name
La Petite Academy
Years Remaining On Lease
7.2
Gross SF
14,498
Guarantor
Corporate Guarantee
Rentable SF
14,498
Price/Gross SF
$76.84
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.38

Investment Highlights

  • National, Internet-Resistant Tenant | La Petite Academy (Learning Care Group - 950+ Total Schools, 450+ La Petite Academy)
  • La Petite Academy has Extended the Lease Five (5) Separate Times at this Site | Most Recent Extension was a 9 Year Extension in August 2018
  • Triple-Net Lease | Minimal Landlord Responsibilities (Brick Construction with Metal Roof)
  • 5-Mile Population in Excess of 115,000
  • Large Footprint La Petite Academy Site with Low Rent/SF | 14,498 SF | Rent of $5.38/SF
  • Positioned Immediately Adjacent to Annandale Gardens | 400 Unit Apartment Complex | Built in 2001
  • Four Elementary Schools & Four Middle Schools Within 5.5 Miles of Subject Site

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple ownership in a corporate guaranteed (Learning Care Group - 950+ Total Schools, 450+ La Petite Sites) La Petite Academy childcare located in flourishing Olive Branch, Mississippi. The tenant currently has more than 7 years of lease term remaining at this site. This site has a 5-mile population in excess of 115,000 and is positioned just 26 miles from Downtown Memphis. La Petite Academy has a long history of operations at this site, lease began in 2004, and extended the lease five (5) separate times - showing a strong commitment to this site. The most recent extension came in August 2018 and was for an additional 9 years of term.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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