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4060 E Bell Road - Bella Angela Plaza - Tutor Time, Phoenix, AZ
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4060 E Bell Road - Bella Angela Plaza - Tutor Time
Phoenix, AZ 85032-2232 - North Scottsdale Ret Submarket
1.26 AC (54,886 SF)
For Sale Price:
01/04: Thomas & Mary Edwards Trust purchased the building. Single Net Properties represented the seller, Tutor Time Bell Group LLC.
This property consists of an (approx) 11,444 SF building with an 11,500 SF outdoor playground area.
Strategically located off Bell Road and 40th Street. Bell Road is one of the heaviest traveled roads in all of the Metro Phoenix area with an estimated 60,000 cars per day at this interseciton.
The site is across the street from Paradise Valley Regional Hospital and 1/4 mile from the recently completed Squaw Peak Freeway interchange. This site has excellent retail co-tenancy with Walgreens, Jack-in-the-Box, Village Inn and KFC Restaurant.
Single Story School Building With Attached Play Ground
Site is Approximately 52,000 SF or 0.84 Acres
± 11,444 SF Building with a ±11,500 SF Outdoor Playground Area
Year Built 2002
Sales Price $4,500,000
Annual Rent $327,715.08
CAP Rate 7.5
Remaining Term of Lease 8.5 Years
Rental Increases 3.0% per year
Absolute NNN, Guaranteed Lease
Strategically located off Bell Road and 40th Street a 1/4 mile from SR51, a major freeway artery in Phoenix, AZ. There are over 80,000 cars per day at this intersection and is one of the heaviest traveled roads in Metro Phoenix. This site has excellent retail co-tenancy with Walgreens, Village Inn, Jack-in-th-Box and KFC restaurant.
Other area properties include Paradise Valley High School, Paradise Valley Community College, Paradise Valley Hospital, Medical Centers, several Retail Centers, numerous restaurants and golf courses.
It is also located in a heavily populated residential area of Phoenix. Within this zip code there are approximately 12.4 sq. mi. and there are approximately 30,000 homes and condominiums. Population is in excess of 70,000 people. Renter-occupied apartments in excess of 12,000. Population density of over 5,600 per sq. mi.
Education; High school or higher: 85.0%, Bachelor's degree or higher: 27.3%, Graduate or professional degree: 8.4%.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Farrmont Realty Group
Lee B Farris
(602) 222-8510 x222
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