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Children's Learning Adventure 2415 N Alvernon Way

13,650 SF Retail Building Tucson, AZ 85712 $9,601,959 CAD ($703 CAD/SF) 6.49% Cap Rate

Investment Highlights

  • Hard Corner Location
  • Trade Area Co-Tenants including Walmart Neighborhood Market, Sprouts, Starbucks, Whole Foods, Trader Joe’s, VASA Fitness, Chase and many others.
  • Heavily Trafficked intersection with over 75,000 vehicles per day.

Executive Summary

Children’s Learning Adventure is pleased to offer qualified investors an opportunity to purchase a fee simple single-tenant net leased investment that will be fully occupied by Children’s Learning Adventure in Tucson, Arizona. This asset is ideal for investors seeking long-term, inflation-resistant cash flows, featuring a brand new 15-year Lease commencing upon closing, two 5-year renewal periods, scheduled rent increases every 5 years and minimal landlord responsibilities.
The new 13,650 SF facility on a 1.62 -acre lot is located on a hard corn of one of the busiest intersection in Tucson. Grant Road and Alvernon Way traffic counts are 41,860 vehicles per day and 26,600 vehicles per day, respectively. Nearby retailers include Walmart Neighborhood Market, Sprouts, Starbucks, Whole Foods, Trader Joe’s, VASA Fitness, Chase, and many more.
This is an excellent opportunity to purchase a new construction, sing-tenant net leased investment with a new long-term lease, two 5-year option periods, rent increases, and limited landlord obligations, providing years of inflation-resistant income. *All Photos or Renderings are projected and not-current representations.
Tenant Sale-Leaseback
New 15-Year Primary Lease Term
Lease Term Commencing at Close of Escrow
NNN Lease with Minimal Landlord Responsibilities
2 additional 5-Year Option Periods
Annual Rent of $439,633

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Centre
Building Size
13,650 SF
Building Class
B
Year Built/Renovated
2003/2024
Price
$9,601,959 CAD
Price Per SF
$703 CAD
Cap Rate
6.49%
NOI
$623,167 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.62 AC
Opportunity Zone
Yes
Zoning
C-1, Tucson - Commercial zoning designation by the City of Tucson.
Parking
59 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
211 ft on Alvernon

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 13,650 SF
  • Retail
  • Outparcel
  • Now

Former Walgreens location available for lease. Property consists of 13,650 total square feet of retail space and currently sits on 66,724 square feet of land with the future addition of the hard corner bringing that total to 70,599 square feet.

Space Size Space Use Position Available
1st Floor 13,650 SF Retail Outparcel Now

1st Floor

Size
13,650 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 13,650 SF
Space Use Retail
Position Outparcel
Available Now

Former Walgreens location available for lease. Property consists of 13,650 total square feet of retail space and currently sits on 66,724 square feet of land with the future addition of the hard corner bringing that total to 70,599 square feet.

Walk Score ®
Very Walkable (73)
Bike Score ®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

VASA Fitness
Filiberto's Mexican Food
Walmart Neighborhood Market
Dutch Bros. Coffee
The YMCA
WW
Sprouts Farmers Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
111-08-164D
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$297,732 CAD
  • Listing ID: 28701299

  • Date on Market: 2024-08-21

  • Last Updated:

  • Address: 2415 N Alvernon Way, Tucson, AZ 85712

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