300 Hogan LnConway, AR 72034

Property Details for 300 Hogan Ln

Year built

2023

Property size (Sq ft)

9,000 SF

Property type

Day care centers & nurseries

Property subtype

Retail properties

Description

This exceptional investment opportunity presents a 9,000 square foot, fully occupied Goddard School in Conway, Arkansas. The property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $342,000. Secured by a 15.1-year absolute triple-net (NNN) lease commencing October 1, 2023, and expiring October 31, 2038, this investment offers significant long-term stability with zero landlord responsibilities. The lease includes two 5-year renewal options and features 10% rent bumps every five years, ensuring consistent income growth. The franchisee, a proven operator with five or more Goddard School locations, provides a personal guarantee, further solidifying the investment's security. Located at 300 Hogan Lane, Conway, AR 72034, the property benefits from a prime location near Little Rock, the state capital, and within an hour of Memphis International Airport (MEM). The surrounding area boasts a robust demographic profile, with over 26,000 households within a 5-mile radius, a significant portion of which fall within the 25-44 age range, representing a large pool of potential clients. Furthermore, the presence of ten feeder elementary schools within a 5-mile radius and the substantial expansion of Westrock Coffee Co. in Conway, creating hundreds of new jobs, contribute to the area's strong growth potential. Conway's ranking among America's fastest-growing cities and its three universities further enhance the long-term prospects of this investment. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market.

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Latitude

35.0822

Longitude

-92.4975

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