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Browse More Listings in Retail For Sale, Phoenix, AZ or Arizona

Retail Property - Off Market

American Child Care Centers

12436 N. 28th Drive, Phoenix, AZ 85029

Price:
N/A
Building Size:
3,654 SF
Property Type:
Retail
Property Sub-type:
Day Care Facility/ Nursery
Property Use Type:
Net Lease Investment with 4 years left on lease
Commission Split:
2%
Cap Rate:
7.30%
Occupancy:
69%
Tenancy:
Single
Lot Size:
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

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 12436 N. 28th Drive, Phoenix, AZ 85029

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Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

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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.

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Retail Property For Sale - American Child Care Centers

12436 N. 28th Drive, Phoenix, AZ, 85029