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Office Medical

Kumon Math & Reading Center of Scottsdale

5533 E Bell Rd, Scottsdale, AZ 85254

Listing Price: $520,000

Cap Rate
6.87%
Gross SF
1,624
Rentable SF
1,624
Price/Gross SF
$320.20
Occupancy
100.0%
Year Built
2004
Lot Size
0.04 acres

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire 5533 East Bell Road, Suite 119, Scottsdale, AZ (the “Property” or “Asset”), a ±1,624 square foot office condo located in North Scottsdale within the Paradise Valley Unified School District. The Asset is currently occupied by Kumon Math and Reading Center of Scottsdale, (“Tenant”), the world’s largest after-school learning program. The Asset was renovated to suit the needs of the tenant in 2007. Kumon Math and Reading Center of Scottsdale will execute a new 5-year NNN lease with 3% annual increases, commencing upon purchase. This Kumon franchisee is a multi-tenant operator who is directly involved in the day-to-day success of the students, staff, and operation.

The ±1,624 square foot office condo was built in 2004 and has continually been occupied by Kumon since 2007. The floor plan features a large classroom learning space and multiple smaller breakout rooms for one-on-one learning. The Asset was built as part of the Hopi Medical Plaza, a three-building office condo complex broken out into 11 privately owned condos.

The Asset is strategically located within the Paradise Valley Unified School District, in close proximity to the Loop 101 and SR-51, surrounded by excellent demographics. This offering presents the opportunity to own a stabilized office condo via a sale leaseback, with a committed tenant and a passive ownership structure.

Investment Highlights

  • The Asset is located within the affluent North Scottsdale Submarket with an average household income of $141,233.
  • Located within the Paradise Valley Unified School District which serves approximately 30,000 students with 28 elementary schools, 7 middle schools, and 6 high schools.
  • Kumon is the worlds largest afterschool enrichment program with locations across 55 counties, over 25,000 learning centers and more than 4 million actively enrolled students.
  • Franchisee is a multi-unit operator, directly involved with the day to day learning success of the students enrolled.
  • Hopi Medical Plaza (HOA) offers ownership with hands off management taking responsibility for outside maintenance and repairs, landscaping, water, trash expense, shared parking lot, and roof expense.

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00, NE: 20170674

    Phoenix

Financing By

Office Medical

Kumon Math & Reading Center of Scottsdale

Listing Price: $520,000

Cap Rate
6.87%
Gross SF
1,624
Rentable SF
1,624
Price/Gross SF
$320.20
Occupancy
100.0%
Year Built
2004
Lot Size
0.04 acres

Investment Highlights

  • The Asset is located within the affluent North Scottsdale Submarket with an average household income of $141,233.
  • Located within the Paradise Valley Unified School District which serves approximately 30,000 students with 28 elementary schools, 7 middle schools, and 6 high schools.
  • Kumon is the worlds largest afterschool enrichment program with locations across 55 counties, over 25,000 learning centers and more than 4 million actively enrolled students.
  • Franchisee is a multi-unit operator, directly involved with the day to day learning success of the students enrolled.
  • Hopi Medical Plaza (HOA) offers ownership with hands off management taking responsibility for outside maintenance and repairs, landscaping, water, trash expense, shared parking lot, and roof expense.

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire 5533 East Bell Road, Suite 119, Scottsdale, AZ (the “Property” or “Asset”), a ±1,624 square foot office condo located in North Scottsdale within the Paradise Valley Unified School District. The Asset is currently occupied by Kumon Math and Reading Center of Scottsdale, (“Tenant”), the world’s largest after-school learning program. The Asset was renovated to suit the needs of the tenant in 2007. Kumon Math and Reading Center of Scottsdale will execute a new 5-year NNN lease with 3% annual increases, commencing upon purchase. This Kumon franchisee is a multi-tenant operator who is directly involved in the day-to-day success of the students, staff, and operation. The ±1,624 square foot office condo was built in 2004 and has continually been occupied by Kumon since 2007. The floor plan features a large classroom learning space and multiple smaller breakout rooms for one-on-one learning. The Asset was built as part of the Hopi Medical Plaza, a three-building office condo complex broken out into 11 privately owned condos. The Asset is strategically located within the Paradise Valley Unified School District, in close proximity to the Loop 101 and SR-51, surrounded by excellent demographics. This offering presents the opportunity to own a stabilized office condo via a sale leaseback, with a committed tenant and a passive ownership structure.

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00, NE: 20170674

    Phoenix

Financing By

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