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Daycare Center For Sale • 10,000 SF
| The Learning Experience New Construction 21-Year NNN Lease in Strongsville, OH (Cleveland MSA) |
| 2025-Built; Rent Commencement of March 31, 2025 |
| 10% Rent Increases Every 5 Years of Initial Term & Options Add 237 bps to CAP Rate by End of Initial Term; 9.5% CAP in 2040 |
| Tenant Pays TAX/INS, also Pays Fixed CAM of $67,500 ($6.75/SF) in Yr-1 with 5% Annual Increases. CAM Not Subject to Reconciliation; Likely a Profit C |
| Oversized 4.55 Acre Parcel | +/- 1.9 Acres of Undeveloped Land Included as Upside to Lease/Sell/Develop |
| Carries Typical TLE Limited Corporate Guaranty with $850K Limit Over First 5 Lease Years, Decreasing by 20% Per Year |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Cleveland-Hopkins International | 21 min | - | 10.0 mi |
| Akron-Canton Regional | 61 min | - | 44.6 mi |
