Leased Day Care
For Sale
Contact for pricing
3731 Discovery Ln, Powell, OH 43065
Leased day care with 6+ years remaining on the Learning Care Group lease term and multiple renewal options.
Property Size10,705 SF
Price / SF$344.30
Days on Market184
Property Features for 3731 Discovery Ln
General Information
Standard status
Active
Size
10,705 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6700
Listed By:
Mark Ruble · License #SA550593000
(602) 770-2935
Source:
Moodyscre
Added: Apr 17
Changed: Oct 10
Last Checked: Oct 16 at 8:25AM
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 Marcus & Millichap | Phoenix
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Investment Insights
Based on property information with market context.
This leased day care center is operated under a Learning Care Group lease with 6+ years remaining on the lease term. The property is sized at 10,705 SF and features rental increases of 7.5% every 5 years, with multiple renewal options. The offering is also described as having an approximate 7.53% cap rate over an estimated 18 months.
The center is located at the corner of Sawmill Parkway and W Powell Road with approximately 143,000 combined cars per day. It sits within the Columbus MSA, in one of the area’s most affluent suburbs, and is described as being in a dense trade area with 162,316 residents within a 5-mile radius. The property is across from Kroger and Giant Eagle-anchored shopping centers and is about one mile from the Columbus Zoo and Aquarium.
For tenants seeking an established early childhood care footprint, the combination of an ongoing operator lease and periodic rental increases is a key element of the property’s structure.
The center is located at the corner of Sawmill Parkway and W Powell Road with approximately 143,000 combined cars per day. It sits within the Columbus MSA, in one of the area’s most affluent suburbs, and is described as being in a dense trade area with 162,316 residents within a 5-mile radius. The property is across from Kroger and Giant Eagle-anchored shopping centers and is about one mile from the Columbus Zoo and Aquarium.
For tenants seeking an established early childhood care footprint, the combination of an ongoing operator lease and periodic rental increases is a key element of the property’s structure.
Key Highlights
- 10,705 SF leased day care center
- 6+ years remaining on the lease term with Learning Care Group
- 7.5% rental increases every 5 years with multiple renewal options
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43065, OH
44,829
Population
17,468
Households
2.6
Avg Household Size
41
Median Age
68%
College-Educated
98%
High-School Grad
28.1 sq mi
ZIP Area
1,595
Density / Sq Mi
$154,797
Median Household Income
$83,357
Median Earnings
$1,811
Median Rent
$451,700
Median Home Value
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- Ivybrook Academy — 9098 Bunker Ln, Powell, OH 43065
- The Learning Experience - Powell — 8930 liberty rd n, powell, oh 43065
Frequently Asked Questions
What type of property is this?
Day care center - Leased day care with 6+ years remaining on the Learning Care Group lease term and multiple renewal options.
Where is this day care center located?
The property is located at 3731 Discovery Ln Powell, OH.
What is the asking price?
The asking price for this property is $3,685,700.
What are key features of this property?
This property features: 10,705 SF leased day care center; 6+ years remaining on the lease term with Learning Care Group; 7.5% rental increases every 5 years with multiple renewal options
