6542 E McKellips Rd, Mesa, AZ

This single-tenant net lease retail investment property is a newly constructed 10,095-square-foot building on a 1.63-acre parcel. The property is designed for The Learning Experience, which is ranked #43 on Entrepreneur’s Franchise 500 Ranking for 2023 and is one of the fastest-growing childcare franchises in the US, with over 600 locations open or under development. The lease has a 20-year primary term, with two 5-year option periods and 10% rent increases every 5 years. The property is strategically positioned on the hard corner of E McKellips Rd and N 66th St, one mile from AZ-202/Red Mountain Hwy. The location benefits from high traffic volume, with 49,585 vehicles per day on E McKellips Rd and 67,862 vehicles per day on AZ-202. The surrounding area has numerous schools at all levels of education, with over 15,700 students within a 3-mile radius. The property is located 30 minutes from downtown Phoenix, within a metropolitan statistical area with a population exceeding 4.65 million. The area has a strong residential base, with over 186,500 residents within a 5-mile radius and an average household income exceeding $117,000 within a 1-mile radius. Nearby retailers include Target, The Home Depot, Safeway, Fry’s, Walgreens, Bank of America, Starbucks, McDonald’s, Chick-fil-A, Taco Bell, and Wendy’s.