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Opportunity Zone

Children's Learning Adventure - Alvernon

Children's Learning Adventure | Hard Corner | 6.49% CAP | 13,650 SF

Listing Contacts

Active

Asking Price: $6,774,012
Earnest Money  Deposit: $1 min.
Address 

2415 N Alvernon Way, Tucson, AZ 85712

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Date Added
Aug 9, 2024
Days on Market
223 days
Time Since Last Update
41 days

Details

Property TypeRetail
SubtypeDay Care/Nursery
Investment TypeSale/Leaseback
Investment Sub TypeDay Care Facility
ClassA
Lease TypeNNN
Tenant CreditNo Credit Rating
TenancySingle
Brand/TenantChildren's Learning Adventure
Lease Term15 years
Remaining Term15 years
Square Footage13,650
Net Rentable (sq ft)13,650
Price/Sq Ft$496.26
Cap Rate6.49%
Pro-Forma Cap Rate6.49%
Occupancy100%
NOI$439,633
Pro-Forma NOI$439,633
Units1
Year Built2003
Year Renovated2024
Buildings1
Stories1
ZoningC-1, Tucson
Lot Size (sq ft)70,567
Price/Sq Ft (Land Value)$95.94/SF
Rent BumpsLesser of 8% or 300% CPI Every 5 Years
Broker Co-OpYes
Lease Options2, 5-Year
Ground LeaseNo
OwnershipFee Simple
Sale ConditionSale for leaseback

Marketing Description

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.​

Investment Highlights

Locational 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.

Investment Highlights

  • 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

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$439,633.00
$36,636.08/mo

Valuation Metrics

0
DSCR
6.49%
Cap Rate
6.49%
ROI
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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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