8940 Tanque Verde Rd Tucson, AZ 85749-9604

Property Details for 8940 Tanque Verde Rd

Year built

1988

Construction

FRAME

Lot size

0.47 lot acres

Property size

6,680 SF

Property type

Day care centers

APN

114-54-059B

APU

11454059B

Description

This exceptional investment opportunity presents a 6,680-square-foot daycare center in Tucson, Arizona, currently operating under a long-term net lease with La Petite Academy, a nationally recognized childcare provider. The property boasts a 6.00% cap rate and a substantial net operating income (NOI) of $72,283. Situated on a 0.47-acre lot at 8940 E Tanque Verde Rd, Tucson, AZ 85749, this property benefits from a prime location surrounded by national retailers such as Safeway, Walgreens, Goodwill, and McDonald's. The lease, originally commenced on November 1, 1989, has a remaining term of approximately 2.6 years, with options for renewal. The tenant, backed by a corporate guarantee, has demonstrated a long-term commitment to the site, operating there for over 35 years. Built in 1988, the property enjoys 100% occupancy and benefits from built-in rent bumps of 3% within the lease options. The asking price is $1,204,000, translating to $180.24 per square foot. The property is located in a thriving area with a population of 167,843 residents within a five-mile radius and an average household income exceeding $123,000. This presents a stable, high-return investment with a strong tenant and excellent location within a growing market. The lease is a triple-net (NN) lease, meaning the tenant is responsible for most operating expenses. This investment is backed by the corporate guarantee of Learning Care Group, one of the largest providers of early childhood care in the U.S.

Location Insight

City

Tucson

County

Pima

State

Arizona

Longitude

-110.801

Latitude

32.2573

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments