La Petite Academy - Recent Tenant Renewal | 8940 E Tanque Verde Rd
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La Petite Academy - Recent Tenant Renewal 8940 E Tanque Verde Rd
6,680 SF Retail Building Tucson, AZ 85749 $1,204,000 ($180/SF) 6% Cap Rate
Investment Highlights
- Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with Over 1,050 Schools Across 11 Brands
- 167,843 Residents within a Five-Mile - Growing Tucson Trade Area
- Within a 30-Minute Drive of Downtown Tucson, The University of Arizona, and Tucson International Airport
- Long Term Occupancy, Showing Commitment to Site - Tenant has Operated at the Site for 35 Years
- Average Household Income Exceeds $123,000 in the Immediate Area
Executive Summary
Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business.
La Petite Academy, Inc. is one of the nation's largest educational daycare companies. Headquartered in Novi, Michigan, the company operates more than 450 schools across the country. La Petite Academy provides strong social and educational foundations to prepare children for success in elementary school and beyond.
La Petite Academy, Inc. is one of the nation's largest educational daycare companies. Headquartered in Novi, Michigan, the company operates more than 450 schools across the country. La Petite Academy provides strong social and educational foundations to prepare children for success in elementary school and beyond.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
6,680 SF
Building Class
B
Year Built
1988
Price
$1,204,000
Price Per SF
$180
Cap Rate
6%
NOI
$72,284
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Land Acres
0.47 AC
Zoning
C-1, Tucson
Parking
35 Spaces (5.24 Spaces per 1,000 SF Leased)
Frontage
113 FT on Tanque Verde
PROPERTY TAXES
| Parcel Number | 114-54-059B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $67,334 |
PROPERTY TAXES
Parcel Number
114-54-059B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$67,334
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Power Broker Christopher Lind -
Power Broker Mark Ruble -
Marcus & Millichap
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La Petite Academy - Recent Tenant Renewal | 8940 E Tanque Verde Rd
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