2016 Middleton Farm DrBelmont, NC 28012

Property Details for 2016 Middleton Farm Dr

Year built

2022

Lot size

1.19 AC

Property size (Sq ft)

10,000 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

Description

This exceptional investment opportunity presents a 10,000-square-foot, single-tenant, net-leased daycare center in Belmont, North Carolina. Located at 2016 Middleton Farm Dr, 28012, this property boasts a strong 7.00% cap rate and a substantial $335,000 annual net operating income (NOI). The Learning Experience, a rapidly expanding national franchise with over 600 centers open or under development, occupies the entire building under a 15.3-year lease (13 years remaining) with a corporate guarantee. Built in 2022, this modern, 10,000-square-foot facility sits on a 1.19-acre lot. The lease includes 10% rent bumps every five years and two, five-year renewal options, ensuring long-term income stability. The property benefits from its strategic location near South Point High School and the new Belmont Middle School, serving a growing population with high household incomes exceeding $124,000 within a one-mile radius. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity with significant potential for future growth. The asking price is $4,786,000, translating to $478.60 per square foot. This is a 1-story building with 100% occupancy. The property is situated in a rapidly developing area of the Charlotte MSA, with population and household projections indicating an 11% increase by 2028.

Location Insight

City

Belmont

County

Gaston

State

North Carolina

Latitude

35.2216

Longitude

-81.038

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