3731 Discovery Ln - Day Care Center FOR SALE


Powell, OH 43065
$3,870,000 USD
602-687-6766
3731 Discovery Ln, Powell, OH for Sale
$3,870,000 USD
Day Care Center - FOR SALE
1/7
null | 7% Cap Rate

3731 Discovery Ln
Powell, OH 43065


HIGHLIGHTS

  • 6+ Years Remaining on Lease Term with Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with 1,150+ Schools
  • 7.53% Cap Rate in Approx. 18 Months
  • 7.5% Rental Increases Every 5 Years with Multiple Renewal Options
  • Dense Trade Area in the Columbus MSA - 162,316 Residents within a 5-Mile Radius
  • Situated in One of the Columbus MSA’s Most Affluent Suburbs - Average Household Income Exceeds $189,000 in the Surrounding Area
  • Easily Accessible Location at the Corner of Sawmill Parkway and W Powell Road (±43,000 Combined Cars per Day)

OVERVIEW

Tutor Time is dedicated to fostering education development, building self-esteem, and sparking imagination in a safe and loving environment. As a leader in early child education and family solutions, Tutor Time is committed to developing innovative educational solutions. There are approximately 125 corporate Tutor Time schools throughout the United States. Powell is a city in Delaware County, Ohio located approximately 14 miles north of Columbus. Home to over 13,000 residents, Powell is within one of the wealthiest counties in the United States. Powell was recognized as one of the Best Places to Live in the United States by Money Magazine, and was named the Best Suburb in the United States by Business Insider.

FOR SALE DETAILS

PRICE

$3,870,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tutor Time

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

PC, Liberty Twp

APN/PARCEL ID

319-341-05-006-000

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.