For Sale
$4,237,000

101 Orvis Way West Chester, PA 19382

High-yield, NNN-leased daycare center.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a fee-simple condo, a 11,191 square foot, state-of-the-art daycare center in West Chester, Pennsylvania. The property, built in 2020 and situated on a 3.29-acre lot at 101 Orvis Wy, 19382, boasts a prime location on Wilmington Pike (Route 202 & 322), a high-traffic area with over 59,000 vehicles per day. The property is currently 100% occupied by Ducklings Early Learning Center under a Net Lease (NNN) agreement with a corporate guarantee and a personal guarantee from the founder. The lease, expiring May 31, 2035, includes a remaining term of 10.5 years with two 5-year renewal options and 10% rent bumps every five years. The current Net Operating Income (NOI) is $296,561, resulting in a 7.00% cap rate and a price per square foot of $378.61. The asking price is $4,237,000. The property's modern design and high-end finishes minimize deferred maintenance concerns. Its strategic location near schools and residential areas, coupled with the strong performance of the tenant and the booming childcare industry, makes this a compelling investment with significant long-term potential. The property's size and location also offer future redevelopment flexibility. Chester County, the wealthiest county in Pennsylvania, demonstrates strong demographics, with high average household incomes exceeding $170,000 within a one-mile radius.

Highlights

  • High-visibility location on Route 202 & 322 (Wilmington Pike) in West Chester, PA, with over 59,000 vehicles per day (VPD).
  • Strong performing tenant, Ducklings Early Learning Center, with a five-star Google rating and significant waiting lists. The childcare industry is recession-resistant and consistently growing.
  • 10.5-year remaining lease term (NNN) with two 5-year renewal options and 10% rent increases every five years.
  • Newly constructed (2020) state-of-the-art facility with high-end finishes, minimizing deferred maintenance.
  • Triple Net (NNN) lease structure provides passive ownership with tenant responsible for all operating expenses.
  • Lease includes both corporate and personal guarantees for added security.

Property Details for 101 Orvis Way

Property type
Day care centers & nurseries, Retail properties
Square Feet
11,191 SF
Year Built
2020
Lot Size (sq. ft)
143,312 SF

Location Insight

City
West Chester
County
Chester
State
Pennsylvania
Latitude
39.9286026
Longitude
-75.5852349

FAQs

What type of property is this?
Day care center & nursery - High-yield, NNN-leased daycare center.
Where is the day care center & nursery located?
The property is located at 101 Orvis Way West Chester, PA.
What is the asking price?
The asking price for this property is $4,237,000.
What are key features of this property?
This property features: High-visibility location on Route 202 & 322 (Wilmington Pike) in West Chester, PA, with over 59,000 vehicles per day (VPD).; Strong performing tenant, Ducklings Early Learning Center, with a five-star Google rating and significant waiting lists. The childcare industry is recession-resistant and consistently growing.; 10.5-year remaining lease term (NNN) with two 5-year renewal options and 10% rent increases every five years.
How can I contact the broker?
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101 Orvis Way
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