Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Daycare Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Cave Creek, AZZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C-2 in Cave Creek, AZ.
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