7486 Waterside Loop Rd
Denver, NC 28037
Retail Property For Sale

Marcus & Millichap is pleased to offer for sale an 11,745-square foot Tutor Time located in Denver, North Carolina. The building was constructed by the original franchisee in 2012, but was later sold the business to in 2013 Learning Care Group, Tutor Times parent company. The Tutor Time lease has more than 12 years remaining which commenced in July of 2011 with two five-year options thereafter and annual rental increases of 2.5%. The lease is triple-net. It is the landlords responsibility to make all structural repairs on the foundation, the exterior of weight bearing walls and the structural portions of the roof of the building. The parent company is Learning Care Group, the second largest for-profit childcare provider in North America operating over one thousand schools across the United States.