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28720872
28720873

10406 N 51st Ave, Glendale, AZ 85302

SB
AZ AZ:SA703812000
Marcus & Millichap - Phoenix
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$2,171,150
186 days on market
Updated 106 days ago

Skyrise School (KinderCare)

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 7,127
Cap Rate 6%
NOI $130,269
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type Absolute NNN
Lease Term 12.9
Lease Expiration 12/31/2032
Remaining Term 6.6
Rent Bumps Yes
Price per SqFt $305
Year Built 1982
Buildings 1
Acreage 0.690
Investment Type Net Lease
Lease Commencement 01/23/2020

Rare Low Price Point KinderCare | 6.00% CAP | 7,127 SqFt

Marketing description

KinderCare Learning Centers are community-based centers offering education and care for children six weeks to 12 years old in neighborhoods across the country. Through over 1,500 KinderCare Learning Centers, children engage in purposeful learning and play every day.

The city of Glendale is the sports destination for all of Arizona. Located about 9 miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management.

Investment highlights

» ±7 Years Remaining on Absolute Triple-Net (NNN) Lease

» KinderCare Education is the Largest Provider of Early Education in the Nation with 1,500+ Centers

» Dense Trade Area in the Phoenix MSA With 480,000+ Residents Within a 5-Mile Radius

» High Growth Trade Area With Households to Increase 3.58% Within 3 Miles in the Next 4 Years

» Located at the Corner of Peoria Ave and 51st Ave, Visible to 48,000+ Cars per Day

» Situated in the Cartwright School District #83, in Close Proximity to Numerous Schools

» Within a 5-Mile Radius of ±20 Elementary Schools

Listing Contacts

SB
AZ AZ:SA703812000
Marcus & Millichap - Phoenix
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,269.00
$10,855.75/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Ryan Sarbinoff
License
BR675146000
Title
Broker of Record
Name
Spencer Berkley
License
AZ:SA703812000
Brokerage Phone
6026876700
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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