2415 N Alvernon Way - Day Care Center FOR SALE


Tucson, AZ 85712
$6,774,012 USD
602-931-4492
2415 N Alvernon Way, Tucson, AZ for Sale
$6,774,012 USD
Day Care Center - FOR SALE
1/9
null | 6.49% Cap Rate

2415 N Alvernon Way
Tucson, AZ 85712


HIGHLIGHTS

  • Hard Corner Location
  • Heavily Trafficked intersection with over 75,000 vehicles per day.
  • Trade Area Co-Tenants including Walmart Neighborhood Market, Sprouts, Starbucks, Whole Foods, Trader Joe’s, VASA Fitness, Chase and many others.

OVERVIEW

Children’s Learning Adventure is pleased to offer qualified investors an opportunity to purchase a fee simple single-tenant net leased investment that will be fully occupied by Children’s Learning Adventure in Tucson, Arizona. This asset is ideal for investors seeking long-term, inflation-resistant cash flows, featuring a brand new 15-year Lease commencing upon closing, two 5-year renewal periods, scheduled rent increases every 5 years and minimal landlord responsibilities. The new 13,650 SF facility on a 1.62 -acre lot is located on a hard corn of one of the busiest intersection in Tucson. Grant Road and Alvernon Way traffic counts are 41,860 vehicles per day and 26,600 vehicles per day, respectively. Nearby retailers include Walmart Neighborhood Market, Sprouts, Starbucks, Whole Foods, Trader Joe’s, VASA Fitness, Chase, and many more. This is an excellent opportunity to purchase a new construction, sing-tenant net leased investment with a new long-term lease, two 5-year option periods, rent increases, and limited landlord obligations, providing years of inflation-resistant income. *All Photos or Renderings are projected and not-current representations. Tenant Sale-Leaseback New 15-Year Primary Lease Term Lease Term Commencing at Close of Escrow NNN Lease with Minimal Landlord Responsibilities 2 additional 5-Year Option Periods Annual Rent of $439,633

FOR SALE DETAILS

PRICE

$6,774,012 USD

PRICE/SF

$496 USD /SF

CAP RATE

6.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Children's Learning Adventure

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

C-1, Tucson

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kalen RickardWestern Retail Advisors, LLCMore Info
602-931-4492

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Kalen RickardWestern Retail Advisors, LLCMore Info
602-931-4492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.