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5305 Perrine Rd
Midland, MI 48640
Asking Price
$4.32M
Cap Rate
7.25%
Asset Type
Day Care/Nursery Retail
Class
Class B
What's Special
Retail | 7.25% CAP | 11,485 SqFt <ul><li>Corporate guaranty from Learning Care Group Inc</li><li>Large 3.54-acre site offering operational flexibility</li><li>Purpose-built facility designed specifically for childhood education use</li><li>NNN lease with very limited landlord responsibilities</li><li>50k residents live within 5 miles with avg. HH income of $153k</li><li>Healty rent escalations to offset inflation (7.5% every 5 years)</li></ul>
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NOI
$80,000
Cap Rate
1.85%
DSCR
0.31
Underwater
Cash-on-Cash
-13.62%
Monthly Payment
$21,368.055
Annual Cash Flow
$-176,416.666
