6542 E McKellips Rd Mesa, AZ
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Single tenant net lease retail investment in Mesa, Arizona.
Type:RETAIL
Property size:
10,095 SFLot size:
1.63 AcresPrice / SF:
$671/SF- Added:
- Oct 13, 2023
- Days on Market:
- 926
- Last Refresh:
- Apr 5 at 9:12 pm
Property Features for 6542 E McKellips Rd
General Information
- Standard status
- Active
- Size
- 10,095 SF
- Lot size
- 1.63 Acres
- Property subtype
- RETAIL
Listing agent Paul Holland License #01809955 (602) 692-5222
Listing office Colliers | Phoenix (602) 692-5222
Listing date Oct 13, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Phoenix
Overview
New Construction Learning Experience Investment
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.
Location Intelligence
Current Use by Public Records
Day care centers
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.689
- Latitude
- 33.4514
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FAQs
What type of property is this?
Day care center - Single tenant net lease retail investment in Mesa, Arizona.
Where is this day care center located?
The property is located at 6542 E McKellips Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $6,775,000.
What are key features of this property?
This property features: Single tenant net lease with limited landlord responsibilities.; 20 year primary lease term with two 5 year options and 10% rent increases every 5 years.; Brand new 10,095 SF construction on a 1.63 acre parcel.
