Description

NNN Investment Opportunity. Properties For Sale are leased to a local Day Care Business (American Child Care Centers). Owner is willing to sell one, two or more locations to a qualified investor. Each location has a different occupancy, however the collective portfolio of properties are calculated at 69% occupancy and offered at a solid 7.3%CAP. Total chain has an increase of 8.155% in business over the previous year. Growth potential is strong for the balance of the lease term and anticipated to grow well into the next ten year period. There are four years remaining on current lease term. Renewal option for an additional 5 years.

This property location is across the street from a local community college.
One of seven day care centers located in Phoenix and Glendale Arizona. Student/child occupancy and financials are calculated at 69% however, demand and growth will result in each location having increases in '08 and throughout the balance of the lease term.