HINGE AnnouncesEarly Childhood Education Center Closing in Virginia
Hinge recently facilitated the sale-leaseback transaction of a child development center for one of the nation's largest regional operators. The unoccupied property, located in the Virginia market, was first purchased by the operator, then updated to its specifications. It was subsequently sold as a net-leased investment property subject to a long-term lease with the regional operator.
Hinge marketed this property as an excellent candidate for investment buyers looking for opportunities in the single tenant net lease (STNL) market. The STNL market has been very active lately, with investment buyers interested in creditworthy tenants, such as large early education operators that provide for superior investment returns. As part of its typical basket of services for real estate transactions, Hinge also coordinated due diligence activities related to the real estate sale, including the preparation of comparative market studies, zoning research, demographic analysis, and property inspections.