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Memphis, TN 38125
La Petite Academy
Property Address
8037 Meadow Vale Drive, Memphis, TN, USA
Offering Summary
Price:
$1,100,000
Lot Size:
1.02 Acres
Cap Rate:
6.87%
Year Built:
1991
Building SF:
8,025
Status:
Available
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Principal
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Absolute Triple-Net (NNN) Lease with Recent Five Year Extension
Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with Over 1,050 Schools Across 11 Brands
Long Term Occupancy, Showing Commitment to Site - Tenant has Operated at the Site for 32 Years
153,561 Residents within a Five-Mile Radius - Growing Memphis Trade Area
Average Household Income Exceeds $99,000 within Five Miles of the Site
Signalized Hard Corner Location with More Than 37,180 Cars per Day Along Hacks Cross Road
Walking Distance from Southwind Elementary School and Southwind High School
Five Minutes from a Dense Retail Corridor - Costco, Lowe's, Walmart, Kroger, and More
Broker Information
Spencer Berkley
Agent
Phone Number:
602.687.6836
Spencer.Berkley@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
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