Listed by Pathway Capital Group, Essential Capital Advisors, ParaSell Inc
$3,843,037
Sunrise Preschools (Child Development Schools)
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 8,843
Cap Rate 6.75%
Occupancy 100%
Tenancy Single
Brand/Tenant Sunrise Preschools, Child Development Schools
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/30/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options 5, 2-Year Options
Price per SqFt $435
Year Built 2020
Acreage 1.390
Investment Type Net Lease
Lease Commencement 10/18/2020
6.75% CAP | Phoenix MSA | 100% Corporate Operator | Absolute NNN Lease w/ Rent Increases
Investment highlights
Investment Highlights
- Part of a 2-Property Portfolio | Available Individually or Combined (Contact Broker)
- 14-Years Remaining on an Absolute NNN Lease w/ No Landlord Responsibilities
- Corporate Lease & Corporate Guaranty (Full Duration of the Lease)
- 2020 Build-to-Suit for Sunrise Preschools
Tenant Highlights
- Sunrise Preschools’ Parent Company, Child Development Schools, Inc., is a Top 50 Corporate Early Education Operator with Over 260 Locations Across 11 States
- Child Development Schools has Been Operating for over 38 Years
- 100% Corporate Operator, No Franchised Location
- Sunrise Preschools’ is Deeply Embedded in the Local Market, Operating in Arizona since 1982, Making it One of the Longest-Tenured Childcare Brands in the State.
Location Highlights
- Strong High Growth Location In the Phoenix Metro
- 226K+ Population Within 5 Miles | ~8% Projected Growth by 2030
- $118K+ Average HH Income Within 1 Miles | ~16% Projected Growth by 2030
- Nearby National Brands Include Walmart Supercenter, Walgreens, Tractor Supply, Bank of America, Food City
- $631M+ Spent on Education & Daycare in a 10-Mile Radius
- Feeder School for Maurice C. Cash Elementary School, CJ Jorgensen Elementary School, Ed and Verma Pastor Elementary School, and Ignacio Conchos Elementary School
Listing Contacts
Listed by Pathway Capital Group, Essential Capital Advisors, ParaSell Inc
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