Office Medical
Kumon Math & Reading Center of Scottsdale
5533 E Bell Rd, Scottsdale, AZ 85254
Listing Price: $520,000
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.
Kumon Math & Reading Center of Scottsdale
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.
Listing Price: $520,000
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.
