Current Use by Public Records
- Day care centers
Property Details for 899 Boardroom Dr
- Year built
- 2024
- Lot size
- 1.88 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a brand-new, 9,758-square-foot daycare center in Prattville, Alabama, built in 2024. The property boasts a 15-year absolute NNN lease with a reputable tenant, AIM Academy, featuring a 10% rent increase every five years, ensuring strong, consistent returns. The lease includes both corporate and personal guarantees from the founders, who bring over 40 years of combined experience in the childcare industry. Located on a 1.88-acre lot at 899 Boardroom Dr, Prattville, AL 36066, this single-story building enjoys a prime location near major retailers like Walmart, Chick-fil-A, and Publix, catering to a thriving residential community. The area demonstrates high average household incomes exceeding $121,000 within a one-mile radius, projected to grow by 15.48% by 2029. The property's strategic placement near I-65 and West State Rd 14 W provides excellent accessibility. With a current NOI of $315,000 and a 7.00% cap rate, this offering presents a compelling investment with significant upside potential. The property is currently 100% occupied and addresses a critical need for childcare services in the area. Lease options for an additional 2 or 5 years are available. The asking price is $4,500,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Prattville
- County
- Autauga
- State
- Alabama
- Longitude
- -86.414
- Latitude
- 32.4883
