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A RETAIL INVESTMENT OPPORTUNITY LITTLE EXPLORER'S … · 2017-11-08 ·...
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PROPERTY OVERVIEW 2946 East Cheery Lynn Road is a 1,960 square foot freestanding building, fully occupied by Little Explorer's Learning Center. The tenant currently has two other Phoenix locations. Their current lease runs through the middle of 2022. The property was completely renovated in the beginning of 2017, including additional plumbing, updated electrical, renovated restrooms, and new carpet, tile and interior paint. This property has been occupied by a daycare center for over 50 years. LOCATION OVERVIEW The property is located within a residential neighborhood in East Phoenix, off of 30th Street between Osborn and Thomas Road. The SR-51 Freeway is located less than one mile to the east of the property. Also less than one mile away is the Phoenix Children's Hospital. PROPERTY HIGHLIGHTS • NNN Lease through 7/31/2022 • Tenant Responsible for all Property Maintenance • Property Renovated in 2017 • Daycare Location for over 50 Years • Established East Phoenix Location • Close Proximity to SR-51 Freeway PROPERTY SUMMARY Sale Price: $425,000 Cap Rate: 9.3% Lot Size: 0.2 Acres Building Size: 1,960 SF Year Built: 1950 Zoning: R1-6 Cross Streets: 30th Street & Cheery Lynn Road Vice President T 480.565.3772 C 480.205.7681 [email protected] JENNIFER EGGERT Senior Vice President T 480.612.0384 C 480.226.8037 [email protected] NICK MINER, CCIM www.orionprop.com 2946 EAST CHEERY LYNN ROAD, PHOENIX, ARIZONA LITTLE EXPLORER'S LEARNING CENTER A RETAIL INVESTMENT OPPORTUNITY
Transcript of A RETAIL INVESTMENT OPPORTUNITY LITTLE EXPLORER'S … · 2017-11-08 ·...
PROPERTY OVERVIEW2946 East Cheery Lynn Road is a 1,960 square foot freestanding building, fully occupied by LittleExplorer's Learning Center. The tenant currently has two other Phoenix locations. Their currentlease runs through the middle of 2022. The property was completely renovated in the beginningof 2017, including additional plumbing, updated electrical, renovated restrooms, and new carpet,tile and interior paint. This property has been occupied by a daycare center for over 50 years.
LOCATION OVERVIEWThe property is located within a residential neighborhood in East Phoenix, off of 30th Streetbetween Osborn and Thomas Road. The SR-51 Freeway is located less than one mile to the eastof the property. Also less than one mile away is the Phoenix Children's Hospital.
PROPERTY HIGHLIGHTS• NNN Lease through 7/31/2022• Tenant Responsible for all Property
Maintenance• Property Renovated in 2017
• Daycare Location for over 50 Years• Established East Phoenix Location• Close Proximity to SR-51 Freeway
PROPERTY SUMMARYSale Price: $425,000
Cap Rate: 9.3%
Lot Size: 0.2 Acres
Building Size: 1,960 SF
Year Built: 1950
Zoning: R1-6
Cross Streets: 30th Street & Cheery Lynn Road
Vice PresidentT 480.565.3772C 480.205.7681
JENNIFER EGGERTSenior Vice President
T 480.612.0384C 480.226.8037
NICK MINER, CCIM
www.orionprop.com
2946 EAST CHEERY LYNN ROAD, PHOENIX, ARIZONA
LITTLE EXPLORER'S LEARNING CENTERA RETAIL INVESTMENT OPPORTUNITY
Vice PresidentT 480.565.3772C 480.205.7681
JENNIFER EGGERTSenior Vice President
T 480.612.0384C 480.226.8037
NICK MINER, CCIM
www.orionprop.com
2946 EAST CHEERY LYNN ROAD, PHOENIX, ARIZONA
LITTLE EXPLORER'S LEARNING CENTERA RETAIL INVESTMENT OPPORTUNITY
