2305 Madison Drive

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2305 Madison Drive

Wilson, NC 27893
Asking Price
$2.13M
Cap Rate
7%
Asset Type
Day Care/Nursery Retail
Class
Class B

What's Special

Corp. Guarantee Childcare Network | 3% Annual Increases | 10 Yrs Remaining | $2.1M (7.00% CAP) <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 roof & structure.</li><li>​The property is ideally positioned on a 1.3-a

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NOI
$80,000
Cap Rate
3.76%
DSCR
0.63
Underwater
Cash-on-Cash
-7.27%
Monthly Payment
$10,535.362
Annual Cash Flow
$-46,424.34

Location & Travel Times