1951 Derita Rd

100% LEASED | 5-Star Daycare Center Purchase Opportunity

Deal Type: Acquisition

Risk Profiles: Core Plus

Property Types: Special Purpose

Executive Summary

Avison Young - North Carolina, LLC, as exclusive broker, is pleased to present the opportunity to acquire a net lease, ±14,590 SF Daycare Center, located at 1951 Derita Rd in Concord, NC (“Property”).

With a recent 10-year renewal in January 2022, the tenant is committed to this location as it has been in operation since 2011. This offers new ownership a stabilized asset with a long term hold approach. Recent capital improvements of repaving and reconfiguring the parking lot and loop access provides the new investor minimal future CapEx.

Located adjacent to the Concord Airport & Oakmont Business Parks, minutes from Concord Mills, the property provides easy access from I-85 and surrounding neighborhoods, this facility will continue to have a growing waitlist while currently enrolling ~175 students.