50 Van Wyck Ln Wappingers Falls, NY 12590

Property Details for 50 Van Wyck Ln

Year built

2011

Lot size

2.00 lot acres

Property size

10,000 SF

Property type

Day care centers

Description

This exceptional investment opportunity presents a fee-simple ownership of a 10,000-square-foot daycare center in Wappingers Falls, NY, operating under a 15-year net lease with The Goddard School, a nationally recognized franchise. The lease commenced November 12, 2023, and features a remaining term of 13.6 years, with annual rent increases of 3%. Two five-year renewal options are included. The property, built in 2011 and situated on a 2-acre lot at 50 Van Wyck Ln, boasts a 100% occupancy rate and a strong net operating income (NOI) of $342,183, resulting in a 7.75% cap rate. Landlord responsibilities are limited to HVAC replacement and roof/structure maintenance. The tenant, a local multi-unit operator, acquired the location at the end of 2023, ensuring continued operational success. The Goddard School brand's established presence (600+ locations across 38 states) and strong market position (ranked #68 in the 2024 Entrepreneur Franchise 500) contribute to the investment's stability and potential for long-term growth. The robust demand for childcare services, coupled with the property's prime location in a high-growth area of New York State, further enhances its appeal. This is a rare opportunity to acquire a high-performing, net-leased daycare center with significant remaining lease term and built-in rent growth. The property's strong financial performance and the tenant's proven track record make this an attractive investment for discerning buyers.