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    2220 64Th St Byron Center, MI 49315

    For Sale
    $5,000,000

    Class A daycare, NNN lease, 7% cap rate.

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity in Byron Center, Michigan, presents a brand-new, 10,000-square-foot Class A daycare center. This property boasts a 15-year initial lease term with two 5-year options to extend, ensuring long-term stability and predictable cash flow. The tenant, The Learning Experience, is America's #1 fastest-growing childcare franchise, with over 600 centers open or under development. This NNN (Net Lease) structure shifts most operating expenses to the tenant, minimizing landlord responsibilities. The property features a 7.00% cap rate and a strong net operating income (NOI) of $350,000. The asking price is $5,000,000, translating to a price per square foot of $500. Construction is estimated to be complete in December 2023, with occupancy commencing April 30, 2024. The lease includes 8% rental increases every 5 years, providing built-in growth potential. Situated on a 0.83-acre lot in a commercially zoned area, this single-tenant property offers a secure and lucrative investment opportunity in a thriving market. The property's location in Byron Center, Kent County, MI (zip code 49315) provides excellent accessibility and visibility. This is a rare chance to acquire a high-quality, newly constructed daycare center with a proven, successful tenant and a strong financial outlook.

    Property Features for 2220 64Th St

    General Information

    Property type
    Day care centers
    Square Feet
    10,000 SF
    Class
    A
    Lot Size
    36,155 SF

    Building Details

    Buildings
    1

    HighLights

    • 15‑Year Initial Lease Term with Two 5‑Year Options.
    • Triple Net (NNN) Lease.
    • 8% Rental Increases Every 5 Years.
    • Brand New Construction, Completed December 2023, Occupancy May 1, 2024.
    • Tenant: America's #1 Fastest‑Growing Childcare Franchise with over 600 locations open or in development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Byron Center
    County
    Kent
    State
    Michigan
    Longitude
    -85.71837997
    Latitude
    42.84877092

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    FAQs

    What type of property is this?
    Day care center - Class A daycare, NNN lease, 7% cap rate.
    Where is this day care center located?
    The property is located at 2220 64Th St Byron Center, MI.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 15-Year Initial Lease Term with Two 5-Year Options.; Triple Net (NNN) Lease.; 8% Rental Increases Every 5 Years.
    (616) 254-0005
    Request Owner's contact information
    2220 64Th St Byron Center, MI 49315
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2220 64Th St Byron Center, MI 49315
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