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Tutor Time 3731 Discovery Ln 10,705 SF Retail Building Powell, OH 43065 $3,870,000 ($361.51/SF) 7% Cap Rate
Investment Highlights
- 6+ Years Remaining on Lease Term with Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with 1,150+ Schools
- 7.5% Rental Increases Every 5 Years with Multiple Renewal Options
- Situated in One of the Columbus MSA’s Most Affluent Suburbs - Average Household Income Exceeds $189,000 in the Surrounding Area
- 7.53% Cap Rate in Approx. 18 Months
- Dense Trade Area in the Columbus MSA - 162,316 Residents within a 5-Mile Radius
- Easily Accessible Location at the Corner of Sawmill Parkway and W Powell Road (±43,000 Combined Cars per Day)
Executive Summary
Tutor Time is dedicated to fostering education development, building self-esteem, and sparking imagination in a safe and loving environment. As a leader in early child education and family solutions, Tutor Time is committed to developing innovative educational solutions. There are approximately 125 corporate Tutor Time schools throughout the United States.
Powell is a city in Delaware County, Ohio located approximately 14 miles north of Columbus. Home to over 13,000 residents, Powell is within one of the wealthiest counties in the United States. Powell was recognized as one of the Best Places to Live in the United States by Money Magazine, and was named the Best Suburb in the United States by Business Insider.
Powell is a city in Delaware County, Ohio located approximately 14 miles north of Columbus. Home to over 13,000 residents, Powell is within one of the wealthiest counties in the United States. Powell was recognized as one of the Best Places to Live in the United States by Money Magazine, and was named the Best Suburb in the United States by Business Insider.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,705 SF
Building Class
B
Year Built
2008
Price
$3,870,000
Price Per SF
$361.51
Cap Rate
7%
NOI
$270,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.72 AC
Zoning
PC, Liberty Twp
Parking
40 Spaces (3.74 Spaces per 1,000 SF Leased)
Frontage
203’ on Discovery Ln
Amenities
- Pylon Sign
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 319-341-05-006-000 | Improvements Assessment | $466,450 |
| Land Assessment | $168,210 | Total Assessment | $634,660 |
Property Taxes
Parcel Number
319-341-05-006-000
Land Assessment
$168,210
Improvements Assessment
$466,450
Total Assessment
$634,660
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Tutor Time | 3731 Discovery Ln
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