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

Retail Property For Sale

Tutor Time

1652 E Elliot Rd, Gilbert, AZ 85234

Price:
$2,350,000
Building Size:
10,414 SF
Price/SF:
$225.66
Property Type:
Retail
Property Sub-type:
Day Care Facility/ Nursery
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
8.75%
Occupancy:
100%
Tenancy:
Single
Year Built:
2001
Lot Size:
1.30 AC
Find Out More...

Last Verified 11/3/2009 Listing ID 16174239

Highlights

Proven and Stable Long-Term Lease with Annual Increases in the Rent (The lesser of CPI or 3%)
High Household Incomes within a 5 Mile Radius of Subject

Outstanding Traffic Counts

Description

**8.75% CAP NNN TUTOR TIME - $2,350,000** Tutor Time is a +10,414 square foot, single-tenant retail building located on Elliot Road, approximately one mile south of the US 60 Freeway. Tutor Time presents investors with an opportunity to acquire a proven and stable Child Care Facility on a long-term lease with annual increases in the rent (the lesser of CPI or 3%).

The subject is situated at the NEC of Elliot Road and Val Vista Road in Gilbert, Arizona, the fastest growing muncipality in the greater Phoenix Metropolitan area. A Safeway grocery center and a 24 Hour Fitness across the street draws significant traffic into and around this intersection.

Attachments

Enhanced Listing Web Site

Financial Summary

Actual
Net Operating Income
$205,625

Map of 1652 E Elliot Rd, Gilbert, AZ 85234 (Maricopa County)

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Presented by

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Ryan Schubert (602) 224-4472

Michael Hackett (602) 224-4449

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Created 3/31/2009

Additional Information for 1652 E Elliot Road, Gilbert, AZ 85234

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 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 1652 E Elliot Rd, Gilbert, AZ 85234

Nearby Retail properties for saleSearch all commercial real estate for sale

GREENFIELD COMMONS
$900,000
N/A
Full Service Car Wash w/Fuel & Lube
$6,200,000
3,500 SF

Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

Elliot Ranch Plaza
$18.00/SF/Year
1,200 - 1,500 SF

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 - Tutor Time

1652 E Elliot Rd, Gilbert, AZ, 85234