STREAM Capital Partners > Properties > All Properties > Children’s Lighthouse

Children’s Lighthouse

Net Lease

4731 Chace Circle, Hoover, Alabama
Ownership Type:
Fee Simple
Price:
$3,685,714
Cap Rate:
7%
Current Rent:
$258,000
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Lease Term:
20 years
Landlord Responsibilities:
Roof & Structure
Lease Expiration Date::
Approx. 19 years
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
10,500 SF
Rent Increases:
3% Every 3 Years
Site Size:
2.0 Acres

Investment Highlights

  • Strong National Brand: Children’s Lighthouse has 74 locations across the U.S. and is growing
  • New Construction: Built in 2022 – 10,500 SF building on two acres
  • Long Term Lease: Rare 20-year lease with over 19 years remaining
  • Affluent Suburb of Birmingham: Average household incomes in excess of $113,000
  • Proximity to Riverchase Galleria: Super regional shopping mall (#1 Largest Mall in Alabama)
  • Dense Retail Corridor: Other retailers include The Home Depot, Costco, Hobby Lobby, Planet Fitness, Sam’s Club, Best Buy, Walgreens, and Hyatt Regency, among others
  • Cash Flow: Over $5,300,000 of cash flow over the primary lease term
Ownership Type:
Fee Simple
Price:
$3,685,714
Cap Rate:
7%
Current Rent:
$258,000
Lease Type:
DoubleNet
Lease Term:
20 years
Landlord Responsibilities:
Roof & Structure
Lease Expiration Date::
Approx. 19 years
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
10,500 SF
Rent Increases:
3% Every 3 Years
Site Size:
2.0 Acres

Listing Agents

Adam English

Managing Director
256.694.9803[email protected]

Broker of Record: Jonathan Wolfe, Alabama Lic: #000116991 – 0

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