Property profile

6 Willowbrook Rd Queensbury, NY 12804

OFF-MARKET
Specialty properties
Property ID
US63-0054383
8,945 SF 3.92 ac lot Built 2001
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Year built 2001
Total area 8,945 SF
Lot 3.92 ac (170,755 SF)
UPID US63-0054383

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center
  • High School

Location

6 Willowbrook Rd Queensbury, NY 12804
Queensbury metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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