Investment Offering
Macomb, MI - Childtime
16500 24 Mile Road | Macomb, MI 48042
$2,681,000
Price6.4%
Cap Rate$171,600
NOI10,400
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, corporate guaranteed, Childtime investment property located in Macomb, Michigan. The tenant, Childtime Childcare Inc., recently extended their lease for an additional 7 years and 11 months and now has approximately 9 years of term remaining, demonstrating their long-term commitment to the site. The lease features a 10% rental increase in January ’26 and at the beginning of each option, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to foundation, structure, and roof structure making it an ideal, low-management investment opportunity for a passive investor. Childtime Childcare Inc., is a subsidiary of Learning Care Group Inc., the second largest for-profit childcare operator with over 900 locations across the United States.
Location
Childtime is strategically located near the signalized, hard corner intersection of 24-Mile Road and Hayes Road, serving a combined 30,000 vehicles per day. The site is equipped with a large monument sign, providing excellent visibility along 24-Mile Road. The asset is ideally situated between Beck Elementary (299 students) and St Peter Lutheran School (406 Students), providing parents with an easy one-stop drop-off location for all of their children’s educational needs. Located in a dense retail corridor, Childtime is within close proximity to multiple national/credit tenants including Walmart Supercenter, Kroger, Walgreens, CVS, and more. Strong Tenant synergy increases consumer draw to the immediate trade area and increases promotes crossover tenant exposure to the site. Furthermore, the subject property is positioned just three miles east of Highway 53 (64,000 VPD), a north-south highway traveling directly into the heart of Detroit. The 5-mile trade area is supported by more than 162,000 residents and 56,000 daytime employees. Residents within a 3-mile radius boast an affluent household income of over $119,000.
Documents & Links
| View | ||
|---|---|---|
 Offering Memorandum |  |  |