La Petite Academy (Huntsville, AL)
220 Exchange Place Northwest
Huntsville, AL 35806
CAP Rate: 6.25%
Leasable Area: 9,785 SF
Lease Type: Double Net Lease (NN)
Lease Term Remaining: Approx. 8 Years
Guarantee: Corporate (***Ask Broker for Details)
NOI: $156,560 / Year
LONG OPERATING HISTORY & STRONG GUARANTEE | BRAND NEW RENOVATION MADE TO SITE
La Petite Academy has been in business since 1968 Over the years, La Petite Academy has become widely recognized for their innovation, leadership, and reputation for excellence in early education. In 2007, La Petite Academy became part of the Learning Care Group, one of the largest providers of early childhood care and educational services in the United States. Founded in the 1960s, it is the second largest for profit childcare provider in North America, operating over 950+ schools under the La Petite Academy, Childtime, Tutor Time, The Children's Courtyard, Montessori Unlimited, Everbrook Academy, Creative Kids Learning Center, U-GRO, Young School, and Pathways Learning Academy brands, primarily in the United States.
10 YEAR NN CORPORATE GUARANTEED LEASE | 10% RENT INCREASES | PARENT: LEARNING CARE GROUP
Over 8 years remaining on existing corporate lease. Newly renovated in 2021. Tenant responsibilities include roof, and structure. The lease features an attractive increase rental structure of 10% in-creases every five years. Corporate guaranteed lease by La Petite Academy with more than 450 locations (Parent Company operates more than 950+ locations)
STRONG LOCATION NEAR OVER 300 AERO SPACE & TECHNOLOGY BUSINESSES - ADJACENT TO I-565
Great Visibility & Access Right Off I-565 & Research Park Blvd with Traffic Counts Exceeding 140,000 Vehicles Per Day. Redstone Arsenal Army Post, Cummings Research Park, and Redstone Gateway are all located within 1-mile of the property and combine for over 70,000 employees, 13,500 students, and 300 businesses. National retailers in the immediate vicinity include DICK’S Sporting Goods, Bed Bath & Beyond, Barnes & Noble, Belk Department Store, Old Navy, Panera, BJ’s Restaurant & Brewhouse, P.F. Chang’s, and more, including numerous museums, event centers and hotels.
STRONG TRAFFIC COUNTS | DENSE TRADE AREA
Successful proof of concept with strong traffic counts La Petite Academy ( Huntsville, AL) long standing history is proven through strong traffic counts exceeding 72,000 cars per day (VPD) on Research Park Blvd. Local Market Demographics Meets customer demand for childcare with La Petite academy neighboring local mall, multiple office parks and densely populated residential areas. Dense Trade Area with over 113,000 Residents in 5-Miles. Population is projected to grow 6% in the near future in the area.