720 E Warner Rd - Schools FOR SALE


Gilbert, AZ 85296- Downtown Gilbert
$5,164,000 USD
602-218-5242
720 E Warner Rd, Gilbert, AZ for Sale
$5,164,000 USD
Schools - FOR SALE
1/5
null | 6.5% Cap Rate

720 E Warner Rd
Gilbert, AZ 85296
Downtown Gilbert


OVERVIEW

LONG TERM ABSOLUTE TRIPLE NET (NNN) LEASE – The tenant will enter into a 15 year absolute triple net lease, ensuring a truly passive investment and completely hands off structure. ABOVE MARKET RENT INCREASES – The lease will call for 2.75% annual rent increases creating consistent income growth over the entire base lease term and renewal options. The increases serve as a strong hedge against inflation, and provides natural appreciation. SIGNIFICANT CAPITAL IMPROVEMENTS – The operator has demonstrated a significant long term commitment in the property having invested over $600,000 in capital improvements. These enhancements include a brand-new roof, exterior paint, upgraded windows, new flooring, cabinets and countertops, enhanced signage, and a playground. AFFLUENT DEMOGRAPHIC – A population of 130,354 residents with household incomes exceeding $147,130 in a 3-mile radius and 361,018 residents earning an average household income of over $134,829 in a 5-mile radius. PREMIUM TENANT – Established in 1988 with over 35 years of experience in childhood development, Goddard Systems, LLC is the manager of The Goddard School franchise system, a leading provider of premium early childhood education in the United States. NATIONWIDE RECOGNITION – The Goddard School was noticed as #70 in Franchise Time’s Top 400 and is included in Franchise Business Review’s Top 200 Franchises, reflecting the strong performance and franchisee satisfaction. CONTINUED EXPANSION – The extensive network of over 600 franchised locations across 37 states serves over 75,000 students from six weeks to six years old. The proven franchise’s commitment to high-quality early childhood education has continued to expand into markets nationwide. Broker of Record Simon Assaf License No. CO701910000 (AZ)

FOR SALE DETAILS

PRICE

$5,164,000 USD

PRICE/SF

$640 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Goddard School

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

309-12-497

ASK ABOUT THIS PROPERTY

Hudson DeJeanMatthews Real Estate Investment ServicesMore Info
602-218-5242

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Hudson DeJeanMatthews Real Estate Investment ServicesMore Info
602-218-5242

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