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Ducklings Early Learning Center

Ducklings Early Learning Center

3 Moore Rd, Wallingford, PA 19086

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PROPERTY DETAILS

Price

$5,121,318

NOI

$332,866

Cap Rate

6.50%

Building Size

11,970 SF

Total Lot Size

1.10 Acres

Strong Location

110,000 people (3 mile radius)

Tenancy

Ducklings

Property Description

Equity Retail Brokers is pleased to exclusively offer for sale a single-tenant net lease child care facility in Wallingford, PA. The Property is occupied by Ducklings Early Learning Center. Ducklings is a prominent child care provider in the Mid-Atlantic region with 14 locations and growing.

Ducklings currently has 14 years remaining in their primary lease term, with annual rental increases and options to extend. The building was recently updated to Ducklings’ fit-out and there are minimal landlord responsibilities through the duration of the lease. The Property sits directly within a densely populated, area with over 111,000 people within three miles of the site.

Investment Highlights

  • 3% Annual increases throughout initial term
  • Recently renovated in 2022 with a new 15 year lease in place
  • Child Care Industry: Recession resistant & booming industry
    • Strong location performance
  • Prime child care location within a densely populated residential area

 

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