This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

The Learning Experience 16470 Yuma

9,890 SF Retail Building Goodyear, AZ 85338 $5,964,400 ($603/SF) 6.50% Cap Rate

Investment Highlights

  • Rare 20 Yr. Corp Lease by Learning Experience Corporation - 450+ Locations- Best in Class Brand
  • Strong 7 Year Corp Guarantee ($700k CAP) - Subsidiary of Golden Gate Capital ($19B+ Market Cap)
  • Brand New 2024 Prototype - 6% Rent Bumps - 20 Yr Roof Warranty - Just Opened - Strong Enrollment
  • High Profile PAD at Sarival Marketplace (Fry’s Marketplace) - Near Canyon Trails Towne Center
  • Phoenix MSA Voted One of “Top 50 Places to Live” - Tremendous Population Growth - 5th Largest City
  • Nation’s Fastest Growing Brand! - “Annual Franchise Top 500 List” - Perfect Dense Residential Area

Executive Summary

We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant net leased investment that is fully occupied by The Learning Experience (“TLE” – corporate) on a brand new 20 year lease. This brand new 2023 construction provides investors long term secure cash flow with a hedge against inflation with 6% rental increases every 5 years including options.
Positioned in a grocery anchored shopping center anchored by Fry’s Marketplace, 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 traffic to the site. Additionally, the subject property is located in one of the fastest growing cities in the U.S. with 46% population growth from 2010 to 2020 and is growing at over 4% annually. This is an excellent opportunity to purchase a brand-new construction, single tenant net leased investment on a new 20-year lease with rare 6% rental increases and minimal landlord obligations.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
9,890 SF
Building Class
B
Year Built
2024
Price
$5,964,400
Price Per SF
$603
Cap Rate
6.50%
NOI
$387,688
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
1.11 AC
Zoning
C2 - Commercial
Parking
91 Spaces (9.2 Spaces per 1,000 SF Leased)
Frontage
283 FT on West Yuma Road

Nearby Major Retailers

Starbucks
Fry’s Food Stores
U.S. Bank
Salad and Go
Black Rock Coffee Bar
Denny's
Bank of America
Orangetheory Fitness
Club Pilates
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
500-96-956
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$293,989
  • Listing ID: 33139969

  • Date on Market: 9/11/2024

  • Last Updated:

  • Address: 16470 Yuma, Goodyear, AZ 85338

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}