1560 Bradford RdWayne, PA 19087
- Specialty properties
- 5,321 SF
Property Details for 1560 Bradford Rd
- Year built
- 1981
- Lot size
- 5.00 AC
- Property size (Sq ft)
- 5,321 SF
- Property type
- Specialty properties
- Property subtype
- Day care centers & nurseries
Description
This exceptional investment opportunity presents a fee-simple 5,321 square foot daycare center in Wayne, Pennsylvania, situated on a 5-acre lot. The property boasts a 20-year triple-net (NNN) lease with Spring Education, a corporate-guaranteed tenant, ensuring minimal landlord responsibilities. Built in 1981, the center generates a substantial net operating income (NOI) of $400,934, yielding an attractive 7.00% cap rate. The current asking price is $5,727,629, translating to $1,076.42 per square foot. The lease includes four 5-year renewal options, each with a 3% annual rent increase, providing long-term financial stability and significant upside potential. This is a rare opportunity to acquire a well-established, high-performing daycare center with a secure, long-term lease and exceptional financial returns. The property is located at 1560 Bradford Rd, Wayne, PA 19087. The lease will reset to a 20-year term upon closing.
Location Insight
- City
- Wayne
- County
- Chester
- State
- Pennsylvania
- Latitude
- 40.0736
- Longitude
- -75.4617
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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