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Early Childhood Centre 4108-4110 W Northern Ave 7,465 SF Retail Building Phoenix, AZ 85051 $2,900,000 ($388.48/SF) 6.19% Cap Rate
Investment Highlights
- Easily accessible from major freeways
- Close proximity to the redeveloping Metrocenter, ASU West campus, Grand Canyon University, Glendale Community College and Innovation 27
Executive Summary
Offering an Absolute NNN investment located in Phoenix’s North Mountain Village. Sunrise Preschools, a division of Child Development Schools, one of the largest early education operators in the country with over 250 schools across 11 states has operated in this location since 2016. With an initial term that runs through May 2031, the lease includes 5% rent escalations every three years and three (3) three (3) year lease options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,465 SF
Building Class
C
Year Built
1989
Price
$2,900,000
Price Per SF
$388.48
Cap Rate
6.19%
NOI
$179,432
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.97 AC
Zoning
R-6
Parking
20 Spaces (2.68 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
To the working parent, every dollar is important, and no child care program delivers better value than Childcare Network! They have very high standards of care, safety and education – plus a whole lot of fun, at a far more affordable price. They help children get ahead in life, while helping people maintain their budget, too.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 150-13-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $98,704 |
Property Taxes
Parcel Number
150-13-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$98,704
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Early Childhood Centre | 4108-4110 W Northern Ave
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