6 Willowbrook Rd Queensbury, NY 12804
- Schools
- 8,945 SF
- 3.92 lot acres
Current Use by Public Records
- Childtime of Queensbury / Day Care Center / Child Care Agency
- North Country Academy / School
Property Details for 6 Willowbrook Rd
- Year built
- 2001
- Lot size
- 3.92 lot acres
- Property size
- 8,945 SF
- Property type
- Schools
Description
Exceptional investment opportunity: a 8,945 square foot Childtime Learning Center in Queensbury, NY. This single-story, 2001-built facility, renovated in 2020, sits on a 3.92-acre lot and boasts 40 parking spaces. The property features an 8-foot ceiling height and is currently 100% occupied under a 15-year NNN lease (commencing May 2, 2019, expiring May 2, 2034) with a corporate guarantee from the second largest childcare operator in the US. The lease includes 1.75% annual rent bumps and 2-5 year renewal options. The current NOI is $105,353, with a pro-forma NOI of $107,197, yielding a 6.29% cap rate and a pro-forma cap rate of 6.40%. The asking price is $1,675,000. Fire sprinklers are installed. This is a strong, stable investment with significant remaining lease term and built-in rent growth. The property is located at 6 Willowbrook Rd, Queensbury, NY 12804.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queensbury
- County
- Warren
- State
- New York
- Longitude
- -73.65461280398
- Latitude
- 43.343565779728
