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Views: 155 DOM: 738 Updated: 10.25.24 Posted: 11.14.22 Status: Active

Summary

Price $6,105,323
Built/Renov 2022
Tenant The Learning Experience
Cap Rate 6.35%
Lease Type NN+
Guarantor Corporate
Size/SF 9,890
Lease Start 12-01-2022
#Units 500
Price/SF $617.32
Expiration 11-20-2042
Tenant Type Daycare/Education
NOI $387,688
R. Term 18.0
Ownership Fee Simple
Rent/SF $39.20
Increases 6.0%/5/yrs
Pop 5Mi 111,924
Lot/AC 1.11
Options 2/5yrs/6%
AHHI 5Mi $95,371

Lease Highlights

  • The Learning Experience has 18+ years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 6% rental increases every 5 years and at the beginning of each option period
  • The lease contains a corporate guarantee by The Learning Experience

Location Description

This newly constructed Learning Experience is positioned in a grocery anchored shopping center anchored by Fry’s Marketplace. Additional tenants include Goodwill, Burger King, AutoZone, and Mountain America Credit Union. The subject property benefits from this dominant retail center location at Yuma Rd & Sarival Ave, as well as unique retail synergies within the center that drives daily...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

The Learning Experience is an early childcare chain that develops and implements ground-breaking care and early childhood education programs throughout the country. TLE is one of America’s...


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Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 14,453 58,278 131,932
2022 Total Population : 14,140 54,549 124,123
2022 Employed Civilian Pop : 7,425 25,983 56,525
2022 Total Businesses : 116 720 2,300
2022 Average Household Income : $ 114,942 $ 117,350 $ 108,794
2022 Total Consumer Spending : $ 431 M $ 1717 M $ 3792 M
2022 Median Age : 32 35 35
2022 Total Households : 4,382 17,084 40,662
2022 Pop Age 25+: Bachelor's Degree : 1,309 6,261 14,880
2022 Average Home Value : $ 334,038 $ 355,305 $ 363,238
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Yuma Rd S 165th Ave 2008 7,358 0.08 mi
S Sarival Ave W Grant St 2008 4,459 0.35 mi
W Yuma Rd S Wildflower Dr 2008 8,384 0.39 mi
W Yuma Rd Canyon Trails Blvd 2008 5,958 0.53 mi
S Sarival Ave W Hilton Ave 2013 3,620 0.64 mi
West Yuma Road S 158th Ave 2018 8,829 0.82 mi
S Cotton Ln W Lilac St 2008 7,350 0.87 mi
South Cotton Lane W Pima St 2019 14,359 0.91 mi
S Cotton Ln W Pima St 2008 3,505 0.91 mi
W Van Buren St N 164th Ave 2015 11,440 1.00 mi

Listing Broker

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