DAYCARE INVESTMENT OPPORTUNITY W/ NEW 5-YEAR NNN LEASE AND 3% ANNUAL ESCALATIONS!
This 4,527 SF daycare property in Westminster has just been re-leased to a well-established Montessori school. The school has a capacity for up to 70 children and features new flooring, paint, furnishings, and a fully-equipped and fenced playground on a large 0.58-acre corner lot. New 5-year lease started in June 2024. Current rent is $7,000/month, NNN structure with limited landlord responsibility. Rent in year 2 is $7,500/month with 3% annual escalations thereafter. Tenant has option to renew for an additional 5-year term at market rates.
Location Overview:
Westminster is a city that prioritizes history, recreation, culture, and arts. A Home Rule Municipality located in Adams and Jefferson counties, Westminster houses over 114,832 people in its total area of 33 square miles. It is the eighth-most populous city in Colorado and was ranked 24th among the best places to live in the USA by Money Magazine in 2006.