4900 Getwell Rd - Day Care Center FOR SALE


Southaven, MS 38672
$4,362,000 USD
312-240-0162
4900 Getwell Rd, Southaven, MS for Sale
$4,362,000 USD
Day Care Center - FOR SALE
1/7
null | 6.75% Cap Rate

4900 Getwell Rd
Southaven, MS 38672


HIGHLIGHTS

  • Passive NNN Lease- Tenant Responsible for Roof, Landlord Responsible for Structure Only
  • 10 Years of Lease Term Remaining- Long-Term, Contractual Cash Flow
  • 2.00% Annual Rental Increases- Attractive Hedge Against Inflation
  • Incredible Southaven, MS Growth Metrics- 90% Population Increase Since 2000 #2 Largest Memphis, TN Suburb
  • Positioned on Major Retail Corridor- Getwell Road & Church Road (Total 38,000+ VPD), Heart of Class A Retail Development Locally
  • Strong Residual Value- 2019 Class A Construction, Large 1.34-Acre Parcel

OVERVIEW

Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale, the fee-simple interest in the single-tenant childcare and early childhood education property located at 4900 Getwell Road in Southaven, Mississippi (the “Property”). The Property is fully leased to KinderCare Education LLC and offers a corporate guaranty from KUEHG Corp., KinderCare’s parent company. KinderCare is the largest childcare provider in the United States with 200,000+ children in more than 2,100 facilities across the country, generating annual revenue of over $1.8 billion. Built in 2019, the Property is operating under a fifteen-year NNN lease (10 years remaining) running through March 2034, to be followed by two, five-year option periods. The lease features virtually no Landlord responsibility and 2.00% annual rental increases offer attractive cash flow growth. The Property is located in Southaven, MS, part of a rapidly growing region 15 miles south of Downtown Memphis, TN. Southaven boasts a population of nearly 55,000, making it the 3rd largest city in Mississippi and the 2nd largest suburb of Memphis, TN. Southaven has experienced incredible growth in recent decades, with a 90% city-wide population increase since 2000, and 1.6% average annual growth from 2010 – 2023. Population continues to increase at a rate of over 1% annually, projected to continue at that rate through at least 2028. Many Southaven residents work in and around Memphis, and live south of the Tennessee border considering the tax benefits and quality schools that Southaven offers compared to Tennessee. Rapid growth has encouraged tremendous levels of new development, most notably the Silo Square mixed-use project, a $200+ million 308-acre development that is underway just North of the Subject Property. Both Silo Square and the Subject Property are positioned on Getwell Road, the premier retail corridor of Southaven and the heart of new class A development locally including Chick-fil-A, Whataburger, Starbucks, McDonalds, Getwell Urgent Care, Zaxby’s, Slim Chickens, and many more.

FOR SALE DETAILS

PRICE

$4,362,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KinderCare

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

PUD

APN/PARCEL ID

2072102900000200

ASK ABOUT THIS PROPERTY

Brandon DuffNorthmarqMore Info
312-240-0162

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Brandon DuffNorthmarqMore Info
312-240-0162

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