3200 Mckee Rd Charlotte, NC 28270-0249

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.