MORNING STAR LEARNING CTR. SALE/LEASEBACK AT 10% CAP

Retail-Commercial for Sale
Catylist Listing ID: 30657021
Property Subtypes: Day Care Facility, Free-Standing Building, Other
Building Size (RSF): 6,088 SF
Gross Building Area: See Agent
Sale Price: $750,000
Unit Price: $123.19 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 10/15/2020

Overview / Comments

Rare Sale/Leaseback with strong seasoned business @ a 10% CAP Rate.
Built in 2005 on 1 acre of land. Building is currently used as the only School and Daycare in the county with.30 Spaces (4.93 Spaces per 1,000 SF). Although Morning Star is using the entire facility there are two end caps allowing for 3 units for any future use.. City Water & City Sewer

Description: Morning Star Learning Center LLC is a Day Care Center in Schoharie NY, with a maximum capacity of 88 children. This child care center helps with children in the age range of Total Capacity: 88;Infants: 16;Toddlers: 12;Preschool: 43;School age: 17;. The provider does not participate in a subsidized child care program.
"Morning Star Learning Center is conveniently located child care center that is educationally based. All of the lead teachers are educated in Early Childhood and all of the staff are First Aid/CPR certified, They are MAT certified (Medication Administrating Training) which allows staff, with your permission, to administer medication to your child. They sponsor CACFP, which allows us to offer healthy, nutritious meals, which are created on site (Breakfast, Lunch, and Snack.)"

Additional Details

Nearest MSA: Albany-Schenectady-Troy
County: Schoharie
Tax ID/APN: 434289 48.-4-25.116
Zoning: PDD
Retail Clientele: Business
Property Visibility: Good
Airports: Albany International Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2005
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: 30 spots (4.93 Spaces per 1,000 SF).
Lot Frontage: 2000

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,045 7,766
Median Age: 44.43 43.74
Households: 1,723 3,162

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