Property Highlights
- Offered at $2,850,000 | NNN
- Stable long-term day care tenant with 3% annual rent escalations
- Passive income from Crown Castle cell tower with renewal/buyout option
- Strategic location adjacent to Nike's World Headquarters
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Location
Located next to Nike's global campus, this property benefits from high traffic, affluent demographics, and a strong employment base, ideal for family-oriented services like child care.
Rent Roll
| Tenant | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | Jul 31 2032 |
|---|---|---|---|---|---|---|---|---|
| Day Care | $7,968 | $8,207 | $8,453 | $8,707 | $8,968 | $9,237 | $9,514 | $9,514* |
| Cell Tower | $3,905.62 | $3,905.62 | $3,905.62 | $3,905.62 | $3,905.62 | $3,905.62 | $3,905.62 | $3,905.62 |
*Day Care lease expires Jul 31, 2032; $9,514/month for first 7 months of 2032.
Cash Flow Analysis
Investor Purchase Price
$2,300,000
$2,300,000
Annual Cash Flow (CFBT)
$142,476
$142,476
Cash-on-Cash Return
6.2%
6.2%
Initial Down Payment
$2,300,000
$2,300,000
*Based on 2025 NOI ($142,476); adjusts annually with rent increases until Day Care lease expires Jul 31, 2032.
Investment Opportunity
Acquire a stable, income-producing asset with built-in rent growth, passive cell tower income, and strong residual value due to its prime location next to Nike's campus.
Listing Webpage: View Here