4710 Lone Mtn Rd Cave Creek, AZ 85331-5532
- Day care centers
- 27,015 SF
- 3.14 lot acres
Mar 31, 2022
Current Use by Public Records
- Tutor Time of Cave Creek / Day Care Center / Child Care Agency
Property Details for 4710 Lone Mtn Rd
- Year built
- 2008
- Construction
- STEEL FRAME
- Lot size
- 3.14 lot acres
- Property size
- 27,015 SF
- Zone code
- C-2
- Property type
- Day care centers
- APN
- 211-35-020
- APU
- 21135020
Description
This exceptional investment opportunity presents a single-story, 3.14-acre retail property in Cave Creek, Arizona, built in 2008. The property boasts a strong 10.25% cap rate, generating a substantial net operating income (NOI) of $1,284,940. Currently leased to Learning Care Group, Inc. (parent company of Tutor Time) under a corporate Absolute NNN lease with 4 years remaining, this investment offers significant security and minimal landlord responsibilities. The lease includes annual rent increases of 1.75%, ensuring consistent growth. Strategically located on a high-traffic corner with nearly 33,000 vehicles passing daily, the property benefits from exceptional visibility and accessibility. The surrounding area demonstrates robust demographics, with an average household income exceeding $162,000 within a one-mile radius. This prime location also enjoys strong retail synergy, situated near major retailers such as Safeway, Fry's, McDonald's, Walgreens, Circle K, and O'Reilly Auto Parts, driving significant foot traffic. The Phoenix retail market is experiencing robust growth, with over 1.4 million square feet of net absorption in the past year, solidifying its position as a top-performing market. This property offers a compelling combination of strong cash flow, long-term lease stability, and significant growth potential in a thriving retail environment. The asking price is $12,536,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $350,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cave Creek
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.98
- Latitude
- 33.7707
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA