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3475 Embassy Parkway, Fairlawn, OH, 43563

Childtime Learning Center
$3,031,000

Key Information

Cap Rate
6.5%
Tot. SF
7,900
Year Built
1997
Type
Retail
NOI
$197,004

Highlights

  • Leader in the childcare sector – childtime learning centers is one of 11 unique, individual brands under the learning care group incorporated, which is the second largest for-profit childcare operator in the country with 1,100+ locations nationwide.
  • Significant reinvestment into the property – the tenant is undertaking major renovations to the premises, deploying $485k in improvements to the school, consisting of new flooring and interior paint throughout, exterior signage, new millwork throughout, and overlays of the parking lot, concrete, and playground areas.
  • Early lease extension & extensive operating history – childtime learning centers has been operating at this location for 28 years and recently extended their lease for an additional 10-year term while increasing the base rent roughly $37,000. the continuous lease renewals highlight their long-term commitment to this individual location.
  • Exceptional early education demographics – the daycare benefits from the combination of the ultra-high-income community to its north and west, and to the south and east are densely populated and growing family-oriented neighborhoods which equate to a $199k+ average household income.
  • Large surrounding office corridor – the daycare’s surrounding corridor consists of 2,000,000+ square feet of medical and traditional office space along embassy parkway, providing for a strong pool of potential clientele for the school.
  • Projected early education industry growth – the us childcare market was valued as a $59.87 billion dollar industry in 2023 and is anticipated to reach a monster $73 billion dollar valuation by 2030 (per towards healthcare).

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Location

Agents

Financing Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113