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31293609
31293610

1645 E Guadalupe Rd, Tempe, AZ 85283

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
$2,000,000
71 days on market
Updated 71 days ago

La Petite Academy (Learning Care Group)

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 5,040
Cap Rate 6.5%
NOI $129,997
Occupancy 100%
Tenancy Single
Brand/Tenant La Petite Academy, Learning Care Group
Lease Type Absolute NNN
Lease Term 46.2
Lease Expiration 06/30/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options 2, 5 Year Options
Price per SqFt $397
Year Built 1984
Acreage 0.600
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/1985

2nd-Largest Childcare Provider | 6.50% CAP | 5,040 SqFt

Marketing description

La Petite Academy, Inc. is one of the nation’s largest educational daycare companies. Headquartered in Novi, Michigan, the company operates more than 450 schools across the country. La Petite Academy provides strong social and educational foundations to prepare children for success in elementary school and beyond. The free-flowing, open concept design of La Petite Academy’s facilities inspires a nurturing, interactive, and collaborative environment where children can thrive.

Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night. Visitors will find locally-owned eateries and microbreweries, annual festivals, arts and cultural events.

Investment highlights

  • Absolute NNN Lease with Annual Rent Increases and Multiple Renewal Options
  • Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with Over 1,150 Schools Across 11 Brands
  • ±15 Feeder Elementary Schools within a 3-Mile Radius
  • Densely-Populated Tempe Trade Area - 392,764 Residents within a 5-Mile Radius
  • Average Household Income Exceeds $136,000 in the Immediate Area
  • Located at a Busy Retail Intersection - Tenants Include Trader Joe's, PetSmart, Fry's, Petco, and Walgreens
  • Easily Accessible Location at the Corner of East Guadalupe Road and South McClintock Drive (56,000+ Combined Cars per Day)

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
$129,997.00
$10,833.08/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
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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