Property Type:
Business Opportunity
Square Footage:
8,100
Lot Size (sq. ft.):
44,431
Status:
Closed
Current Price:
$1,300,000
List Date:
11/05/2015
Last Modified:
1/12/2025
Overview
Description
BRAND NEW 5-YEAR RENEWAL!
This building was originally a build-to-suit for the nationally recognized Goddard School. Located in more than 35 states and hundreds of nationwide markets, Goddard Schools is a national provider of early childhood education.
Each school is owned and operated by a franchisee.
This franchisee has owned and operated this school for over 10 years! With a new 5-year lease beginning in January
2016, this franchisee will also have the potential to extend even longer. The franchisee will only allow 5 year renewal options. This is a true net lease with all expenses paid by the tenant allowing for minimal investor responsibilities. With $102,000 of annual net income, this property is offered at a 7.846% CAP, with a potential 13.23% cash on cash return.
Last Updated: January - 12 - 2025
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