For Sale
$4,500,000

899 Boardroom DrPrattville, AL 36066

High-yield, NNN-leased daycare center.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 9,758-square-foot daycare center in Prattville, Alabama, built in 2024. The property boasts a 15-year absolute NNN lease with a reputable tenant, AIM Academy, featuring a 10% rent increase every five years, ensuring strong, consistent returns. The lease includes both corporate and personal guarantees from the founders, who bring over 40 years of combined experience in the childcare industry. Located on a 1.88-acre lot at 899 Boardroom Dr, Prattville, AL 36066, this single-story building enjoys a prime location near major retailers like Walmart, Chick-fil-A, and Publix, catering to a thriving residential community. The area demonstrates high average household incomes exceeding $121,000 within a one-mile radius, projected to grow by 15.48% by 2029. The property's strategic placement near I-65 and West State Rd 14 W provides excellent accessibility. With a current NOI of $315,000 and a 7.00% cap rate, this offering presents a compelling investment with significant upside potential. The property is currently 100% occupied and addresses a critical need for childcare services in the area. Lease options for an additional 2 or 5 years are available. The asking price is $4,500,000.

Highlights

  • $4,500,000 asking price for a 9,758 SF retail property in Prattville, AL.
  • New 2024 construction with a 15-year absolute NNN lease, 10% rent increases every 5 years.
  • Corporate and personal guarantees from AIM Academy founders.
  • Addresses a critical childcare shortage in Prattville, AL.
  • Excellent location near major retailers and residential areas.
  • High average household income ($121K+) within 1 mile, projected 15.48% growth by 2029.

Property Details for 899 Boardroom Dr

Property type
Day care centers & nurseries, Retail properties
Square Feet
9,758 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
81,893 SF

Location Insight

City
Prattville
County
Autauga
State
Alabama
Latitude
32.4882686
Longitude
-86.4140005
899 Boardroom Dr, Prattville, Alabama

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899 Boardroom Dr
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