3459 Galway Rd Ballston Spa, NY 12020

Exceptional investment opportunity: This 5,752 square foot Childtime Childcare center in Ballston Spa, NY, presents a compelling investment opportunity. Located at 3459 Galway Rd, Ballston Spa, NY 12020, this single-story, 2007-built facility sits on a 2.43-acre lot and boasts 17 parking spaces. The property features a 10-year lease (commencing June 1, 2019, and expiring May 31, 2029) with a credit-rated, corporate-guaranteed tenant, offering 4.5 years of remaining lease term. The lease includes annual rent bumps of 1.75% and 3-5 year lease options. The current NOI is $45,759, with a pro-forma NOI of $46,560, resulting in a 6.78% cap rate and a pro-forma cap rate of 6.90%. The asking price is $675,000, translating to $117.35 per square foot. The property underwent renovations in 2020 and enjoys 100% occupancy since May 2, 2019. This is a rare opportunity to acquire a stable, high-performing asset with a strong tenant and significant remaining lease term in a desirable location. The building has an 8-foot ceiling height. This is a NNN lease.