6199 Little Creek Church RdClayton, NC 27520

Property Details for 6199 Little Creek Church Rd

Year built

1995

Lot size

0.77 AC

Property size (Sq ft)

3,548 SF

Zone code

RES

Property type

Day care centers & nurseries

APN

05G03061C

APU

05G03061C

Description

This exceptional investment opportunity presents a fully operational daycare center and a spacious residential home situated on a 1.5-acre lot in Clayton, North Carolina. The daycare, Little Learners Childcare & Development Center, occupies a 6,699 square foot building and boasts a strong lease in place until December 31, 2027, with a renewal option already exercised. The facility includes a lobby, two offices, five classrooms, six restrooms, a commercial kitchen, pantry, laundry facilities, and ample storage. Exterior features include two fenced playgrounds, lighting, security, and fire alarm systems, along with parking for twenty vehicles. The accompanying 3,032 square foot home offers three bedrooms, two full bathrooms, and a powder room. Additional features include a large dining room, kitchen with wood cabinets and stainless steel appliances, a bonus room, and substantial storage space. An office and utility/storage area with an outside entrance, a large deck, patio, and space for a garage complete the residential offering. The home underwent renovations in 2013, including roof and furnace replacements. The property is strategically located off US-70 Highway Business, providing convenient access to major transportation routes and amenities. The proximity to a planned 400,000 square foot biosciences park further enhances the investment potential, promising future growth and development opportunities in this thriving area. The property is zoned RE and includes two buildings, each one story. The asking price is $1,900,000, with a current NOI of $66,080 and a cap rate of 3.48%. This is a rare opportunity to acquire a turnkey daycare operation and a comfortable home in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $840,664

  6.5%

  $775,997

  7%

  $720,569

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,080,117

  Geo Method

  $936,569

• Alternative Use

  Use

  Valuation

  Residential

  $984,385

  Hospitality

  $901,692

  Educational

  $750,197

  Medical

  $775,997

  Retail

  $1,166,973

Location Insight

City

Clayton

County

Johnston

State

North Carolina

Latitude

35.6332

Longitude

-78.4471

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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