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Historical Retail Sale Listing - American Child Care Centers

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American Child Care Centers

12436 N. 28th Drive, Phoenix, AZ 85029

American Child Care Centers
  • N/A
  • 3,654 SF
  • Retail
  • Day Care Facility/ Nursery
  • Net Lease Investment with 4 years left on lease
  • 2%
  • 7.30%
  • 69%
  • Single
  • 15,507 SF
Last Verified  8/6/2009 Listing ID  15541237

Description

NNN Investment Opportunity. This property is leased to a licensed day care business (American Child Care Centers-A Regional Chain Based in Phoenix). Owner is willing to sell one, two or more locations to a qualified investor. Each location is currently calculated at at a 7.3%CAP with an average occupancy of 69% for the chain. Overall business has had an increase of 8.155% over the previous year. Growth potential is good for the balance of the lease term and anticipated to grow for the next ten years.

Cross streets of Cactus Rd. and Interstate 17 (North of Cactus on 28th Drive). This is one of seven operating day care centers. All seven locations are located in Phoenix and Glendale Arizona. Updates on student occupancy and financials are avaiable to a qualified investor. Demand and population growth will result in each location having increased occupancy in '08 and throughout the balance of the lease term. Four years remaining with a 5 year option to renew takes this tenant out to June 2017.

Map of 12436 N. 28th Drive, Phoenix, AZ 85029 (Maricopa County)

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Created 1/30/2008

Additional Information for 12436 N 28th Drive, Phoenix, AZ 85029

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. TB-P