1.79 Acre Site Off US Highway 231/ 431 - Schools FOR SALE


Meridianville, AL 35759
$4,500,000 USD
512-543-7437
1.79 Acre Site Off US Highway 231/ 431, Meridianville, AL for Sale
$4,500,000 USD
Schools - FOR SALE
1/6
null | 7% Cap Rate

1.79 Acre Site Off US Highway 231/ 431
Meridianville, AL 35759


HIGHLIGHTS

  • The Two Owners of AIM Academy Have a Combined 40 Years of Experience in Opening and Growing Childcare Operations
  • One Being the Former CEO of One the Largest Childcare Providers in the Nation
  • This Lease Will Be Guaranteed By Both Principles of the Company and the Future Growth of Their Company
  • Meridianville is a Northern Suburb of Huntsville, AL, That is Only a 25 Minute Drive From Huntsville International Airport
  • 2023 New Construction Absolute Triple Net (NNN) Lease With 14+ Years Remaining and Zero Landlord Responsibilities
  • Nearby Elementary Schools Within a 5-Mile Radius Include: Hazel Green, Lynn Fanning, Rolling Hills, Montview, James I

OVERVIEW

Sands Investment Group is Pleased to Present Exclusively For Sale the 9,952 SF AIM Academy Located at 11461 US Highway 231 in Meridianville, AL. This Deal Includes a 2023 New Construction Absolute Triple Net (NNN) Lease With 14+ Years Remaining and Zero Landlord Responsibilities, Providing For a Secured Investment. *The Indicative Swap Rate as of August 14, 2024 Would Be 6.10%, Using a 5-Year Term and 25-Year Amortization. The Rate Buydown Costs Would Be ~ $1,405 Per Basis Point at a Loan Amount of $3,150,000 (70% of the Purchase Price). The Rate and Buydown Are Subject to Change Based on Market Fluctuations.* BoR: Andrew Ackerman - Lic. AL #1089690

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$452 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AIM Academy- Huntsville (Meridianville), AL

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

ADD'L SUBTYPES

Parking Garage, Parking Lot, Landfill

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,972 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Seth KrepistmanSands Investment Group Austin, LLCMore Info
512-543-7437

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Seth KrepistmanSands Investment Group Austin, LLCMore Info
512-543-7437

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.