101 Orvis WayWest Chester, PA 19382

Property Details for 101 Orvis Way

Year built

2020

Lot size

3.29 AC

Property size (Sq ft)

11,191 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

Description

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.

Location Insight

City

West Chester

County

Chester

State

Pennsylvania

Latitude

39.9286

Longitude

-75.5852

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