2016 Middleton Farm Dr - Day Care Center FOR SALE


Belmont, NC 28012
$4,786,000 USD
602-687-6766
2016 Middleton Farm Dr, Belmont, NC for Sale
$4,786,000 USD
Day Care Center - FOR SALE
1/6
null | 7% Cap Rate

2016 Middleton Farm Dr
Belmont, NC 28012


HIGHLIGHTS

  • 13+ Years Remaining on Lease Term with Corporate Guaranty
  • The Learning Experience is One of the Fastest-Growing Early Childhood Education Franchisors in the U.S. with 600 Centers Open or Under Development
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • 68,012 Residents within a 5-Mile Radius in the Charlotte MSA
  • Households and Population Projected to Increase 11% in the Immediate Area by 2028
  • Adjacent to South Point High School and the New $40M Belmont Middle School (1,675 Total Students)

OVERVIEW

The Learning Experience ("TLE") is one of the fastest-growing early childhood education franchisors in the U.S. With more than 40 years of experience developing best-in-class childcare brands, the Weissman family founded TLE in 2002. Currently, TLE has roughly 600 centers open or under development. Belmont is situated in Gaston County, North Carolina, roughly nine miles east of Gastonia and 11 miles west of Charlotte. Part of the Charlotte metropolitan area, Belmont is home to an estimated 15,000 residents. Belmont offers the small-city charm of historic homes and a historic downtown complete with arts, culture, shopping, and dining.

FOR SALE DETAILS

PRICE

$4,786,000 USD

PRICE/SF

$479 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

-

APN/PARCEL ID

302315

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

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