Current Use by Public Records
- The Learning Experience - Lansdale / Daycare Center
Property Details for 1010 Church Rd
- Year built
- 2005
- Lot size
- 2.32 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 10,500-square-foot daycare center in Lansdale, Pennsylvania, boasting a new 20-year net-net lease with The Learning Experience, a prominent childcare provider with a strong track record. The property, situated on a 2.32-acre lot at the signalized intersection of Church Road and Pennbrook Parkway, underwent renovations in 2024. The lease commenced December 14, 2024, and expires December 9, 2044, featuring 10% rent increases every five years. The property offers a compelling 6.85% cap rate with a net operating income (NOI) of $435,750 and an asking price of $6,361,000. Built in 2005, the single-story building is zoned LI and includes 59 parking spaces. Its prime location offers excellent accessibility, less than a mile from major employers like the Merck West Point Manufacturing Campus, and proximity to the PennBrook Train Station. The surrounding area exhibits strong demographics, with a population exceeding 147,000 within a 5-mile radius and an average household income over $110,000 within a 1-mile radius. This property represents a stable, high-return investment in a thriving community.
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
- Lansdale
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.2859
- Latitude
- 40.2265
