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La Petite Academy (Learning Care Group) 1645 E Guadalupe Rd 5,040 SF Retail Building Tempe, AZ 85283 $2,762,400 CAD ($548.10 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Absolute NNN Lease with Annual Rent Increases and Multiple Renewal Options
- ±15 Feeder Elementary Schools within a 3-Mile Radius
- Average Household Income Exceeds $136,000 in the Immediate Area
- Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with Over 1,150 Schools Across 11 Brands
- Densely-Populated Tempe Trade Area - 392,764 Residents within a 5-Mile Radius
- Located at a Busy Retail Intersection - Tenants Include Trader Joe's, PetSmart, Fry's, Petco, and Walgreens
Executive Summary
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. The free-flowing, open concept design of La Petite Academy’s facilities inspires a nurturing, interactive, and collaborative environment where children can thrive.
Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night. Visitors will find locally-owned eateries and microbreweries, annual festivals, arts and cultural events.
Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night. Visitors will find locally-owned eateries and microbreweries, annual festivals, arts and cultural events.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,040 SF
Building Class
B
Year Built
1984
Price
$2,762,400 CAD
Price Per SF
$548.10 CAD
Cap Rate
6.50%
NOI
$179,552 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.60 AC
Zoning
RO, Tempe
Frontage
115’ on E. Guadalupe
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 301-48-010Q | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $100,470 CAD |
Property Taxes
Parcel Number
301-48-010Q
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$100,470 CAD
Contacts
-
Spencer Berkley -
Mark Ruble -
Christopher Lind -
Zack House -
Ryan Sarbinoff -
Marcus & Millichap
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La Petite Academy (Learning Care Group) | 1645 E Guadalupe Rd
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