List Search

1201 S Pollock St
Selma, NC 27576

$937,594 USD

Daycare Center For Sale  •  4,067 SF

Property Details

  • Property Type Daycare Center
  • Total Building Size 7,212 SF
  • Lot Size 0.89 AC
  • Building Class C
  • Year Built 1982
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning COM
40 Walk Score

Highlights

Corporate guarantee from Child Development Schools, Inc., a leading national childcare provider and one of the top 5 operators in the country.
Rare 3% annual rental escalations with 10 years of term remaining on a Double Net (NN) Lease with the only landlord responsibility being roof.
Located in the Raleigh–Durham (Triangle) MSA, widely recognized as the fastest-growing major metropolitan area in North Carolina .
The property is ideally positioned on a 0.89-acre lot between several large suburban neighborhoods and many key employers in the area with 5+ major.
Total consumer spending on education and daycare exceeds $15 million annually within a 5-mile radius of this location, and average household income.
The U.S. child care market was valued at USD 60.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.18% from 2023.
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Childcare Network 7,212 SF 6/30/2036

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
3 min - 1.3 mi
AirportDriveWalkDistance
Raleigh-Durham International 57 min - 45.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Andrew Gilbert 678-365-5168 Sands Investment Group
Andrew Gilbert 678-365-5168 Sands Investment Group