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KinderCare 8425 E Old Spanish Trl 3,893 SF Retail Building Tucson, AZ 85710 $3,459,428 CAD ($888.63 CAD/SF) 6.50% Cap Rate
Investment Highlights
- New 15-Year NNN Lease to KinderCare with a Corporate Guaranty
- Below Market Rent Positions Tenant for Continued Long-Term Success
- 6 Miles from Davis-Monthan Air Force Base & 9 Miles from The University of Arizona
- 2% Annual Rental Escalations Throughout Primary Term & Options
- Strategically Positioned Just Off Highly Trafficked E Broadway Boulevard (40,005 ADT) Leading Directly to Downtown Tucson (9 Miles)
- Easily Accessible Suburban Location with Dense Population Base
Executive Summary
New 15-year NNN lease to KinderCare with a corporate guaranty and 2% annual rent increases in Tucson, Arizona, an emerging tech and innovation hub.
In Association with Scott Reid & ParaSell, Inc. | A Licensed Arizona Broker #CO709902000
Inquiries by residents and properties owners of the State are to be made to Scott Reid.
In Association with Scott Reid & ParaSell, Inc. | A Licensed Arizona Broker #CO709902000
Inquiries by residents and properties owners of the State are to be made to Scott Reid.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,893 SF
Building Class
C
Year Built
1971
Price
$3,459,428 CAD
Price Per SF
$888.63 CAD
Cap Rate
6.50%
NOI
$224,830 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.46 AC
Zoning
C-1 - General Commercial
Parking
14 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
89’ on E Old Spanish Trl
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 134-09-015H | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $54,332 CAD |
Property Taxes
Parcel Number
134-09-015H
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$54,332 CAD
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KinderCare | 8425 E Old Spanish Trl
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