Catylist ID:
#30762844
MORNING STAR LEARNING CTR. SALE/LEASEBACK AT 10% CAP
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: | 30762844 |
| Property Subtypes: | Day Care Facility, Free-Standing Building, Other |
| Status: | Pending |
| 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: | 12/31/2022 |
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.)" |
Attachments & Media
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 |
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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