For Sale
$5,451,031
24 Briarcliff Dr Clayton, NC 27527
14,000 SF School, 17-Year Lease, 6.75% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Exceptional investment opportunity: 14,000 SF school building in Clayton, NC.
- Fee-simple ownership with a strong 6.75% cap rate.
- Long-term, absolute triple-net (NNN) lease with approximately 17 years remaining (expires 10/31/2041).
- Tenant: Premier Early Childhood Education, a rapidly growing company operating 120+ locations and projecting 150 by 2024.
- Tenant boasts a highly experienced management team, significant financial sponsorship, and strong growth trajectory.
Property Details for 24 Briarcliff Dr
- Property type
- Specialty properties, Schools
- Square Feet
- 14,000 SF
- Year Built
- 2021
- Lot Size (sq. ft)
- 94,090 SF
Location Insight
- City
- Clayton
- County
- Johnston
- State
- North Carolina
- Latitude
- 35.6434238
- Longitude
- -78.4218244
Nearby Similar for Sale
FAQs
- What type of property is this?
- Specialty property - 14,000 SF School, 17-Year Lease, 6.75% Cap Rate
- Where is the specialty property located?
- The property is located at 24 Briarcliff Dr Clayton, NC.
- What is the asking price?
- The asking price for this property is $5,451,031.
- What are key features of this property?
- This property features: Exceptional investment opportunity: 14,000 SF school building in Clayton, NC.; Fee-simple ownership with a strong 6.75% cap rate.; Long-term, absolute triple-net (NNN) lease with approximately 17 years remaining (expires 10/31/2041).
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