7770 Wrightstown Rd Tucson, AZ 85715-4330
- Day care centers
- 7,169 SF
- 0.75 lot acres
Jan 10, 2025
Current Use by Public Records
- Life Skills Autism Academy - ABA Therapy Center / Mental Health Service / Medical Center
Property Details for 7770 Wrightstown Rd
- Year built
- 1983
- Construction
- FRAME
- Lot size
- 0.75 lot acres
- Property size
- 7,169 SF
- Property type
- Day care centers
- APN
- 133-12-006G
- APU
- 13312006G
Description
This exceptional investment opportunity presents a 7,169 square foot school building located at 7770 East Wrightstown Road, Tucson, Arizona, 85715. The property boasts a 7.75% cap rate and a Net Operating Income (NOI) of $135,529. Currently 100% occupied by Life Skills Autism Academy, a division of Centria Autism, a leading ABA therapy provider with 16 locations across Arizona, Texas, and Indiana. The lease, a modified net lease with a corporate guarantee from Centria (backed by Thomas H Lee Partners, a major private equity firm), commenced October 17, 2022, and expires March 1, 2030, leaving a remaining term of 5.3 years. Annual rent bumps of 3.3% provide a strong hedge against inflation and ensure growing NOI. The lease includes a rent-to-market option at the beginning of the option period, offering a significant value-add opportunity for the buyer to negotiate a long-term lease extension. The property benefits from a dense population base, with over 80,000 residents within a 3-mile radius and over 200,000 within 5 miles. Excellent retail synergy is provided by nearby Target, Chick-fil-A, Safeway, Costco, Trader Joe's, and other major retailers. The property is also conveniently located within a 10-minute drive of the University of Arizona. The asking price is $1,748,761, translating to a price per square foot of $243.93. This presents a compelling investment in a rapidly growing sector, with the global market for autism spectrum disorder therapies projected to expand significantly in the coming years. An 8.5-acre surrounding shopping center, Catalina Village, has a multi-family development awaiting approval. Numerous educational facilities are also located within a 3-mile radius.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,995,000
- ML approach
- $1,740,000
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Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.827
- Latitude
- 32.2498
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
