143 Patsy Street

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143 Patsy Street

Benson, NC 27504
Asking Price
$1.49M
Cap Rate
7%
Asset Type
Day Care/Nursery Retail
Class
Class B

What's Special

Childcare Network - Raleigh MSA | Top-5 Childcare Operator | 3% Annual Increases <ul><li>​Corporate guarantee from Child Development Schools, Inc., a leading national childcare provider and one of the top 5 operators in the country. Established in 1988, the company operates over 272 locations across 10 states, providing significant scale and operating history.</li><li>​Rare 3% annual rental escalations with 10 years of term remaining on a Double Net (NN) Lease, with the only landlord responsibility being the roof and structure.</li><li>​Located in the Raleigh–Durham (Triangl

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NOI
$80,000
Cap Rate
5.36%
DSCR
0.90
Underwater
Cash-on-Cash
-1.94%
Monthly Payment
$7,390.478
Annual Cash Flow
$-8,685.732

Location & Travel Times