3200 Mckee Rd, Charlotte, NC 28270-0249
- Day care centers
- 11,729 SF
- 6.91 lot acres
Current Use by Public Records
- The Nest Schools Charlotte-McKee / Daycare Center
Property Details for 3200 Mckee Rd
- Year built
- 2005
- Lot size
- 6.91 lot acres
- Zone code
- INST(CD)
- Property type
- Day care centers
- APN
- 22712201
- APU
- 22712201
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 21, 2025 | $4,923,000 | Nestegg Amfv LLC | Gateway Charlotte Mckee LLC | Special Warranty Deed | — |
| May 17, 2018 | $2,827,533 | Gateway Charlotte Mckee LLC | Gateway Properties LLC | Grant Deed | — |
| Nov 7, 2014 | — | Gateway Properties LLC | Gateway Matthews LLC | Quit Claim Deed · related | — |
| Apr 25, 2006 | — | Gateway Raintree LLC | — | Deed Of Trust · related | $31.4M · Bank Of America NA Bank Of America NA |
| Dec 21, 2004 | $450,000 | Gateway Matthews LLC | Pulte Home Corp | Grant Deed | $1.9M · First Tennessee Bank National |
| Sep 3, 1997 | — | Tgc,llc | Belk,katherine M | Grant Deed | $5M · Nationsbank |
| — | — | Gateway Properties LLC | — | Loan Modification · related | $38.4M · Natixis R/e Cap |
Description
This exceptional investment opportunity presents a 11,800 square foot daycare center in Charlotte, NC, situated on a 6.88-acre lot at 3200 McKee Road, zip code 28270. Built in 2005, the property boasts a 100% occupancy rate with a 13.7-year remaining lease term (expiring July 20, 2038, commencing July 21, 2023) featuring a strong, nationally-operating tenant. The lease is a single-tenant, absolute triple net (NNN) lease, ensuring minimal landlord responsibilities. The current annual rent is $28.56 per square foot, with favorable 2% annual rent escalations built into the lease. The property generates a substantial net operating income (NOI) of $337,008, resulting in a compelling 6.65% capitalization rate. The asking price is $5,067,789, translating to a price per square foot of $429.47. The tenant, a well-established daycare provider with over 46 locations nationwide and expansion plans, offers significant stability and growth potential. The property benefits from its location within a thriving Charlotte community, 25 minutes from Charlotte Douglas International Airport (CLT), and surrounded by nine elementary schools within a five-mile radius. The surrounding area boasts an average household income of $171,030 and a population of 66,415 within a three-mile radius, indicating strong demographic support for the business. Mecklenburg County's projected annual population growth of 19,000 residents until 2040 further underscores the long-term investment potential of this property. There are no lease options at the end of the current term.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,605,000
- ML approach
- $4,345,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,598,000
Market price range: $1.59M - $3.60M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $7,495,000
- MEDICAL BUILDING
- $4,725,000
- OFFICE BUILDING
- $4,245,000
- RETAIL STORES
- $3,800,000
- NEIGHBORHOOD: SHOPPING CENTER
- $3,505,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.7414
- Latitude
- 35.0779
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
