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Child Care

Tutor Time | 8.00% Cap Rate | Absolute NNN Lease | Corporate Guarantee

5550 W Bell Rd, Glendale, AZ 85308

Listing Price: $6,499,569

Cap Rate
8.00%
Tenant Name
Tutor Time
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
11,752
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.90

Investment Overview

Marcus & Millichap is pleased to present for sale Tutor Time located at 5550 West Bell Road in Glendale, Arizona. The subject property is an approximate 11,752-square foot, single-tenant retail building on approximately 1.575 acres of land. The lease is absolute triple-net (NNN) with no landlord responsibilities and very rare 3% annual increases and two, five-year renewal options. Tutor Time has more than 200 corporate and franchise child care schools throughout the United States, Hong Kong and Indonesia. The lease is guaranteed by Learning Care Group, Inc., the second largest for-profit child care provider in North America with more than 900 corporate and franchise schools across the country and around the world. Tutor Time is located on Bell Road in between 59th and 51st Avenues. Located south of the Loop 101 Freeway the property benefits from it’s easy access and proximity to numerous retail centers and office complexes. The property shares the center with La Fitness, Carrabba’s Italian Grill, Sherwin Williams, Brake Masters, M&I Bank, Famous Sams and more. The property is adjacent to numerous additional shopping centers with anchors including Sprouts Farmers Market, Walmart, WinCo Foods, Kohls, and Big 5 Sporting Goods. Additionally, the property is across the street from the AAA Corporate Regional Center which has 1,400 employees and is the city’s top five largest employers. It is estimated that this corporate presence will provide $42.1million in capital investment to the city of Glendale, and over 10 years, Glendale will see direct revenues of $12 million, with a regional direct benefit estimated at $1.8 billion. Located within the heart of the Glendale, the property is surrounded by numerous sports stadiums, shopping centers and schools. Glendale is home to the Arizona Cardinals of the NFL, Phoenix Coyotes of the NHL, and Arizona Sting of the NLL. There are several higher education campuses in Glendale including Glendale Community College, Maricopa County Community College District, Arizona State University West, Midwestern University, and The Underbird School of Global Management.

Investment Highlights

  • Corporate Lease – Learning Care Group, Inc. is the Second Largest For-Profit Child Care Provider in North America
  • Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
  • Annual Rent Escalations – Rare 3% Annual Increases
  • Strong Returns – Average CAP Rate Over Remaining Initial Lease Term is 8.39%
  • Retail Synergy – Located in a LA Fitness Anchored Center
  • Irreplaceable Location – Convenient Access to Loop 101 with Over 355,331Residents within a 5 Mile Radius
  • Dominant Corridor – Close Proximity to the Arrowhead Ranch Master-Planned Community

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Child Care

Tutor Time | 8.00% Cap Rate | Absolute NNN Lease | Corporate Guarantee

Listing Price: $6,499,569

Cap Rate
8.00%
Tenant Name
Tutor Time
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
11,752
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.90

Investment Highlights

  • Corporate Lease – Learning Care Group, Inc. is the Second Largest For-Profit Child Care Provider in North America
  • Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
  • Annual Rent Escalations – Rare 3% Annual Increases
  • Strong Returns – Average CAP Rate Over Remaining Initial Lease Term is 8.39%
  • Retail Synergy – Located in a LA Fitness Anchored Center
  • Irreplaceable Location – Convenient Access to Loop 101 with Over 355,331Residents within a 5 Mile Radius
  • Dominant Corridor – Close Proximity to the Arrowhead Ranch Master-Planned Community

Investment Overview

Marcus & Millichap is pleased to present for sale Tutor Time located at 5550 West Bell Road in Glendale, Arizona. The subject property is an approximate 11,752-square foot, single-tenant retail building on approximately 1.575 acres of land. The lease is absolute triple-net (NNN) with no landlord responsibilities and very rare 3% annual increases and two, five-year renewal options. Tutor Time has more than 200 corporate and franchise child care schools throughout the United States, Hong Kong and Indonesia. The lease is guaranteed by Learning Care Group, Inc., the second largest for-profit child care provider in North America with more than 900 corporate and franchise schools across the country and around the world. Tutor Time is located on Bell Road in between 59th and 51st Avenues. Located south of the Loop 101 Freeway the property benefits from it’s easy access and proximity to numerous retail centers and office complexes. The property shares the center with La Fitness, Carrabba’s Italian Grill, Sherwin Williams, Brake Masters, M&I Bank, Famous Sams and more. The property is adjacent to numerous additional shopping centers with anchors including Sprouts Farmers Market, Walmart, WinCo Foods, Kohls, and Big 5 Sporting Goods. Additionally, the property is across the street from the AAA Corporate Regional Center which has 1,400 employees and is the city’s top five largest employers. It is estimated that this corporate presence will provide $42.1million in capital investment to the city of Glendale, and over 10 years, Glendale will see direct revenues of $12 million, with a regional direct benefit estimated at $1.8 billion. Located within the heart of the Glendale, the property is surrounded by numerous sports stadiums, shopping centers and schools. Glendale is home to the Arizona Cardinals of the NFL, Phoenix Coyotes of the NHL, and Arizona Sting of the NLL. There are several higher education campuses in Glendale including Glendale Community College, Maricopa County Community College District, Arizona State University West, Midwestern University, and The Underbird School of Global Management.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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