Marcus & Millichap is pleased to present a Rainbow Childcare Center located in Mount Airy, North Carolina. The tenant will sign a new 10 year corporate guaranteed, absolute-net lease, with two five-year options and 2.5 percent annual rent increases at close of escrow.

Rainbow Childcare Centers are one of the top childcare providers in the country. They have over 100 locations throughout the United States and continue to aggressively expand. They are backed by a large private equity firm that manages over 650 million dollars in assets.

The subject property at 401 South South Street was built-to-suit in 1999 for Mayberry Learning Center and has been a successful childcare operation since its inception. The current tenant, Rainbow Childcare, took over operations in 2010. They have shown a strong commitment to the location with significant improvements to the building such as new floors, carpeting, painting and a full branding overhaul.

This asset offers a safe investment with a strong return. It is ideal for Investors in a 1031 exchange

or looking for a long-term hold.

Location Description:

Located in Mount Airy, North Carolina.

Highlights:

>> New 10-Year Absolute-Net Lease - No Landlord Responsibilities

>> Strong Corporate Guarantee - Over 100 Locations

>> 2.5 Percent Annual Increases - Two Five-Year Options

>> Occupied Since 1999 - Renovated in 2010

>> Below Market Rent - Easy Tenant Replacement

* Email for additional photos

Sales Info:

>> Cap rate: 7.5%

>> NOI: $76860