Golden Steps ABA Therapy

• New 10-Year Sale-Leaseback with Annual Rent Growth: At closing, Golden Steps ABA Therapy will execute a new 10-year lease on 4,155 square feet of the building. The lease includes 3% annual rent increases, providing consistent rental growth throughout the initial term.
• Established Operator in an Expanding ABA Sector: Golden Steps operates more than 40 clinics across 14 states and serves thousands of families. The latest CDC surveillance identified autism spectrum disorder in approximately one in 31 eight-year-old children, compared with one in 36 during the prior reporting cycle, reinforcing the growing need for ABA treatment capacity.
• Specialized Medical Use Supports Tenant Retention: Medical and behavioral health users depend on purpose-built treatment environments and established patient locations. The cost, operational disruption, and approval requirements associated with relocating can support longer occupancy and stronger tenant retention than conventional office space.
• Existing Clinical Buildout at an Attractive Basis: The acquisition basis of approximately $292 per square foot includes the existing medical office improvements and is meaningfully below the reported $400 to $500 per square foot total development cost now common for new medical office properties. The existing buildout also reduces the time and capital required for another healthcare or behavioral health user to occupy the available suite.
• Two-Year Master Lease Provides Income Protection: The seller will master lease the remaining 3,230 square feet for two years at $20.00 per square foot. This structure preserves full-building income at closing and limits the new owner’s immediate exposure to the vacant suite.
• Attractive 8.00% Going-In Yield: The property is offered at $2,157,875 based on $172,630 in annual NOI, equating to an 8.00% cap rate.
• Exceptional Growth in the Charlotte Market: Charlotte added 20,731 residents between 2024 and 2025, more than any other city in the country, while the metro ranked among the five largest population gainers nationally. The city has grown 10.3% since 2020 to nearly 965,000 residents. The property’s northwest Charlotte location provides convenient connectivity to Uptown and the broader metro through I-77, I-85, and I-485.