Sale Leaseback Daycare Property in Dothan, AL
Property Highlights:
Property is 2.2 acres!
Building was constructed in 2019!
Seller will sign a 20-year absolute triple net lease! Buyer will not be responsible for anything!
Annual Rental Income is $247,200 and escalates by 3% every year!
Cap Rate is 6.18%!
The daycare only charges $185 per week for a student. They can afford the rent even with that low charge to their customers.
Geographic & Demographic details:
Local population is growing by 2.6% annually and median household income is $73K!
No competition in a 3-mile radius! There are 1,150 children under the age of 5 within the same 3-mile radius and 5,815 children under the age of 5 within a 7-mile radius!
Average traffic count of 8,120 vehicles passing by the location each day!
DoubleTree by Hilton, Baymont by Wyndham, Candlewood Suites, and Econo Lodge are hotels located nearby.
There are 8,359 households within a 3-mile radius! In addition, Highland Hills Apartments, Glen East Apartments, Grove at Westgate, Colony Square Apartments, and Dorchester Court Apartments serve the residential community in the area.
Emmanuel Christian School, Highlands Elementary School, Dothan City Schools, Harvest Christian School, and Troy University Dothan Campus are easily accessible from the property and collectively serve over 4,200 students and faculty!
Less than 2 hours from Columbus, GA and Montgomery, AL! 1 hour from Troy, AL!
Asking Price: $4M. Cap Rate is 6.18%!
Financials (USD)
Asking Price $4,000,000
Cash Flow Not Disclosed
Sales $247,200
Deal Terms
Represented by broker? Yes
Buyer Fee? Available On Request
Seller Financing? Available On Request
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? Available On Request
Management will stay? Available On Request
Relocatable? Available On Request
Real Estate? Available On Request
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.
Request Information
Want to learn more about this listing? Log in now. New to DealStream? Discover how artificial intelligence can help you find better deals! Sign up for a Free Account today and get your first Search Genius deal tomorrow.
Sign UpDealStream Awards & Reviews
