6690 Old 28th St SE - Day Care Center FOR SALE
Grand Rapids, MI 49546 |
$2,402,497 USD
214-550-0877
6690 Old 28th St SE
Grand Rapids, MI 49546
HIGHLIGHTS
- This lease features annual rent increases throughout the base term and option periods, providing a strong hedge against inflation.
- Learning Care Group is the second largest provider of Early Childhood Education in the U.S. with nearly 1,100 locations across 40 states.
- Tutor Time has successfully operated at this location for 17+ years.
- National retailers in the immediate area include Walmart Supercenter, Meijer, Chick-fil-A, Target, Costco, The Home Depot, and many more.
- The property has phenomenal school synergy with over ten public schools within a 5-mile radius
FOR SALE DETAILS
PRICE
$2,402,497 USD
PRICE/SF
$240 USD /SF
CAP RATE
8.4%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Tutor Time
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
2.15 AC
LAND SF
93,654 SF
ZONING
B-1 commercial
APN/PARCEL ID
41-19-16-126-023
ASK ABOUT THIS PROPERTY
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214-550-0877
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214-550-0877
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