Details

Bright Ideas Enrichment Center in Bryant, AR

309 Roya Lane, Bryant, AR

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hIGHLIGHTS

Size:10,508 SF

Price:$2,256,890.00

CAP RATE:7.75%

NOI:$174,909.00

PROPERTY
OVERVIEw

DETAILS

• 1.09 Acres with 10,508 SF of rentable space
• 35 Employees and 160-190 children under care yearly
• 15-year NNN lease with two five-year options
• Rent below market rate by 30%
• Sees 28,000 vehicles per day
• 6% Population growth through 2024
• Expected $44,000,000 spent on education and childcare by 2024 (18.9% increase from 2019)
• Median household income of $156,547 at average age of 37

InCommercial Property Group is pleased to offer the opportunity to acquire the fee simple interest for a childcare center in Bryant, Arkansas sitting on 1.09 acres with 10,508 SF of rentable space. Rent is $16.48/SF with 1% increases each year and a five-year renewal option after 15 years with another five-year option after the first option. The rent per square foot is currently below the market rent rate by about 30%, enabling a rent increase once the lease is complete. Bright Ideas Child Care is a 3-star facility established in the late 1990s. This Brig ht Ideas location is not your typical childcare or preschool as it is a preschool and childcare center that has extracurricular activity programs for children 6 weeks to 12 years of age; offering a before and after school care program through its 35 employees to its 160-190 children throughout the year. They are a well-respected early learning center designed to make the most of the early years when your child’s brain is developing more rapidly than at any other time in their lives. The NNN lease was signed in October 2019 and expires in August 2034.

Location

Contact

Luke Sauer

Managing Broker

(312) 375-6045

LSauer@in-commercial.com