6 Willowbrook Rd, Queensbury, NY 12804

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.