Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$3,870,000
Tutor Time
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 10,775
Cap Rate 7%
NOI $270,900
Occupancy 100%
Tenancy Single
Brand/Tenant Tutor Time
Lease Type NNN
Lease Term 24.6
Lease Expiration 12/31/2032
Remaining Term 6.6
Rent Bumps Yes
Lease Options 3, 5 Year Options
Price per SqFt $359
Year Built 2007
Acreage 3.000
Investment Type Net Lease
Lease Commencement 06/09/2008
Columbus MSA | 7.00% CAP | 10,775 SqFt
Marketing description
Tutor Time is dedicated to fostering education development, building self-esteem, and sparking imagination in a safe and loving environment. As a leader in early child education and family solutions, Tutor Time is committed to developing innovative educational solutions. There are approximately 125 corporate Tutor Time schools throughout the United States.
Dublin is a vibrant city located in central Ohio. As a suburb of the state capital, Columbus, Dublin offers a blend of suburban comfort, economic vitality, and a strong sense of community. With a population of approximately 50,000 residents, it’s known for its excellent schools, green spaces, and a range of amenities.
Investment highlights
- Six+ Years Remaining on Lease Term with Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with 1,150+ Schools Across 11 Brands - 7.53% Cap Rate Approx. 18 Months
- 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Located in a Major Employment Center - Surrounded by Corporate Offices/Headquarters
- Average Household Income in the Surrounding Area Exceeds $110,000
- Immediate Access to Interstate 270 (123,700 Plus Cars per Day)
- Households and Population Projected to Increase Over 6 Percent in the Surrounding Area Over the Next Five Years
- Located Less than One Mile from Major Retailers Including Walmart, Best Buy, World Market, Macy’s, and More
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$270,900.00
$22,575.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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