Highlights

• Absolute Triple Net (NNN) Lease
• Twenty-Two (22) year lease with 2, 5 year options
• 3% Annual Increases

• 2004 Construction!
• 11,752 sq.ft. building with an 18,317 sq.ft. outdoor playground area
• Outstanding Location

Description

22 Year, Absolute NNN Lease, with 3% Annual Increases! Tutor Time is ideally located at 5550 West Bell Road in Glendale, Ariozna; along Bell Road and 57th Avenue. The property is surrounded by a mix of national tenants including Carrabba's Italian Grill, M&I Bank, Brake Masters, Lone Star Steak House, Sprouts Farmers Market and Kohl's Department Store. Located directly across the street from Tutor Time is the Honeywell Corporate Facility. Other national tenants in the area include Walmart, Pizza Hut, McDonalds, and Michaels. The Tenant, Capital Academic, LLC is one of the largest Tutor Time franchisees in the country with 18 learning centers throughout Metropolitan Phoenix. Capital Academic plans to open additional units in 2004-2005.

Glendale is rapidly developing as an entertainment, employment and tourist destination that will forever change the Valley of the Sun landscape. Glendale has been one of the fastest-growing cities in one of the fastest-growing metropolitan areas in the United States over the past three decades. The city's population grew 48% during the 1990s. Today Glendale has a population of more than 225,000.