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Tutor Time 6365 Emerald Pky 10,775 SF Retail Building Dublin, OH 43016 $3,870,000 ($359.16/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
- Average Household Income in the Surrounding Area Exceeds $110,000
- 7.53% Cap Rate in Approx. 18 Months
- Located in a Major Employment Center - Surrounded by Corporate Offices/Headquarters
- Immediate Access to Interstate 270 (123,700+ 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.
Dublin is a vibrant city located in central Ohio. As a suburb of the state capital, Columbus, Dublin offers a blend of suburban comfort, economic vitality, and a strong sense of community. With a population of approximately 50,000 residents, it’s known for its excellent schools, green spaces, and a range of amenities.
Dublin is a vibrant city located in central Ohio. As a suburb of the state capital, Columbus, Dublin offers a blend of suburban comfort, economic vitality, and a strong sense of community. With a population of approximately 50,000 residents, it’s known for its excellent schools, green spaces, and a range of amenities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,775 SF
Building Class
B
Year Built/Renovated
2007/2010
Price
$3,870,000
Price Per SF
$359.16
Cap Rate
7%
NOI
$270,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
3.00 AC
Zoning
PCD Planned Commerce Dist
Parking
49 Spaces (4.55 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 273-012206 | Improvements Assessment | $575,260 |
| Land Assessment | $290,400 | Total Assessment | $865,660 |
Property Taxes
Parcel Number
273-012206
Land Assessment
$290,400
Improvements Assessment
$575,260
Total Assessment
$865,660
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Tutor Time | 6365 Emerald Pky
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