Current Use by Public Records
- Day care centers
Property Details for 101 Orvis Way
- Year built
- 2020
- Lot size
- 3.29 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Chester
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.5852
- Latitude
- 39.9286
