Brett MacDougall and Michael DeSantis of Unique Properties Announces the Following Sale:
Kiddie Academy Child Care Center Sells for $5,400,000 in Affluent Area of Littleton
Long term Lease – Absolute NNN Property – 6.6% Cap Rate
Unique Properties, Inc. / TCN Worldwide, Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, is proud to announce the Sale of 6650 W Ken Caryl Avenue, Littleton, CO 80128 by Brett MacDougall and Michael DeSantis, Senior Broker Associates, with Unique Properties, Inc. / TCN Worldwide, who represented the Buyer in this transaction. The property sold for $5,400,000 or $510/SF. The income of the property supported a 6.6% Cap Rate at the closing price.
6650 W Ken Caryl Ave is a 10,571 SF early education daycare center custom built brand new in 2020 Kiddie Academy, who is operating under a 15 Year Absolute NNN lease. The buyer was attracted to the ease of management, quality construction, length of lease term, and the strength of the tenant and their guarantee. Kiddie Academy is recognized across the country as a leader in the child care industry, while also being deemed an “Essential Business”, further providing assurance the tenant will be able to remain open and operating.
The property is well-located in an affluent and amenity rich retail & residential area of Littleton. With incredible visibility off of Ken Caryl and direct access to such strong demographics, the property offered this investor long term confidence in its location.
To schedule an interview with a Unique Properties Broker regarding this transaction, please contact: Katie Guardino at kguardino@uniqueprop.com or bmacdougall@uniqueprop.com / 303-512-2736
About Unique Properties, Inc. / TCN Worldwide
Unique Properties, Inc. / TCN Worldwide is Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, providing solutions for a full range of property types including office, industrial, retail, land and multifamily. Unique Properties, Inc. provides clients with local know-how on a global scale through our association with TCN Worldwide, an affiliation of independent real estate firms in more than 200 markets with 62 offices in eight countries, throughout in North and South America, Europe, and Asia. The combination of Unique Properties’ global resources, creative solutions, experience, and strong leadership has resulted in production volume locally of over 300 commercial real estate transactions in 2016. We have been operating successfully for over 40 years and are acknowledged as an industry leader, providing services at the caliber of a global leader while maintaining the personal attention of a focused, privately owned firm committed to trust and excellence. For more information about the services provided by Unique Properties, Inc. / TCN Worldwide, please visit uniqueprop.com.