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Sunrise Preschool 1365 S Gilbert Rd 14,000 SF Retail Building Mesa, AZ 85204 $5,703,600 CAD ($407.40 CAD/SF) 6.06% Cap Rate



Investment Highlights
- Absolute NNN lease structure with zero landlord responsibilities.
- Lease term runs through May 2031 with 5% rent increases every three years.
- Surrounded by major national retailers like Target, Starbucks, and Harbor Freight Tools.
- Strong national tenant with over 250 school locations in multiple states.
- Highly visible hard-corner location along Gilbert Road near US-60.
- Dense trade area with over 164,000 residents within three miles and strong average household income.
Executive Summary
Presenting a unique investment opportunity to acquire a single-tenant, net-leased child care center located at 1365 S Gilbert Road in Mesa, Arizona. This asset is fully occupied by Sunrise Preschools, a division of Child Development Schools, one of the largest early education operators in the country with over 250 schools across 11 states. The location features a long-term Absolute NNN lease with virtually no landlord responsibilities, ensuring predictable cash flow and minimal management oversight for the investor.
The tenant has operated successfully at this site since 2011 and recently extended its commitment through May 2031, with structured 5% rent escalations every three years, providing built-in income growth over time. Mesa is a rapidly expanding market within the Phoenix metropolitan area, noted for its robust demographics, business diversity, and thriving healthcare and technology sectors. The property is strategically positioned at a high-traffic intersection near the US-60 freeway, offering visibility and convenient access. Coupled with a densely populated trade area and strong household income levels, this investment delivers stability and long-term value.
The tenant has operated successfully at this site since 2011 and recently extended its commitment through May 2031, with structured 5% rent escalations every three years, providing built-in income growth over time. Mesa is a rapidly expanding market within the Phoenix metropolitan area, noted for its robust demographics, business diversity, and thriving healthcare and technology sectors. The property is strategically positioned at a high-traffic intersection near the US-60 freeway, offering visibility and convenient access. Coupled with a densely populated trade area and strong household income levels, this investment delivers stability and long-term value.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
14,000 SF
Building Class
B
Year Built/Renovated
1986/2011
Price
$5,703,600 CAD
Price Per SF
$407.40 CAD
Cap Rate
6.06%
NOI
$345,851 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.28
Lot Size
1.13 AC
Zoning
OC
Parking
42 Spaces (3 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 140-61-157C | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $209,457 CAD |
Property Taxes
Parcel Number
140-61-157C
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$209,457 CAD
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Sunrise Preschool | 1365 S Gilbert Rd
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