For Sale
$4,362,000

4900 Getwell RdSouthaven, MS 38672

11,992 SF Daycare, 6.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple interest in a 11,992-square-foot, Class A daycare center in Southaven, Mississippi. The property, built in 2019, is situated on a 1.34-acre lot at 4900 Getwell Road, a prime retail corridor experiencing significant growth. Currently 100% occupied by KinderCare Learning Center under a NNN lease with 9.4 years remaining (expiring 03/31/2034), featuring 2% annual rent bumps. The lease provides a stable, long-term income stream with minimal landlord responsibilities. The property boasts a strong 6.75% cap rate and a substantial NOI of $294,398. Southaven's robust population growth (90% increase since 2000) and its proximity to Memphis, TN, contribute to a high demand for childcare services. The property benefits from its location near the $200+ million Silo Square mixed-use development and other Class A retail establishments. This investment offers a compelling combination of strong cash flow, long-term lease security, and significant upside potential in a rapidly expanding market. The property is a single-story building with one unit. The asking price is $4,362,000, translating to a price per square foot of $363.74.

Highlights

  • NNN lease; tenant responsible for roof, landlord responsible for structure only.
  • Ten years remaining on lease; long-term, stable cash flow.
  • 2% annual rent increases; inflation hedge.
  • Excellent location in high-growth Southaven, MS; #2 Memphis suburb with 90% population growth since 2000.
  • High-traffic location on Getwell & Church Roads (38,000+ VPD); prime retail area.
  • Strong residual value; 2019 construction, 1.34-acre parcel.

Property Details for 4900 Getwell Rd

Property type
Day care centers & nurseries, Retail properties
Square Feet
11,992 SF
Class
A
Year Built
2019
Buildings
1
Stories
1
Lot Size (sq. ft)
58,370 SF
Units
1

Location Insight

City
Southaven
County
DeSoto
State
Mississippi
Latitude
34.9318236
Longitude
-89.936016
4900 Getwell Rd, Southaven, Mississippi

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4900 Getwell Rd
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