For Sale
$6,774,012

2415 Alvernon Way Tucson, AZ 85712

High-yield, single-tenant daycare, 15-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased daycare facility in Tucson, Arizona. The property, a 13,650 square foot Class A building constructed in 2003 and renovated in 2024, sits on a 1.62-acre lot (70,567 sq ft) at a high-traffic intersection of Alvernon Way and Grant Road, boasting daily traffic counts exceeding 75,000 vehicles. The property is 100% occupied by Children's Learning Adventure under a new 15-year lease (commencing at closing), featuring two 5-year renewal options. Rent is $439,633 annually, with rent bumps of the lesser of 8% or 300% CPI every five years. The property boasts a 6.49% cap rate and a $6,774,012 asking price ($496.26/sq ft). The land value is $95.94/sq ft. Nearby retailers include Walmart, Sprouts, Starbucks, Whole Foods, Trader Joe's, VASA Fitness, and Chase. This NNN lease minimizes landlord responsibilities, offering a stable, long-term, inflation-resistant income stream. The permitted zoning is C-1, Tucson. This is a turnkey investment ideal for those seeking a secure, high-return asset in a prime location.

Highlights

  • High-visibility hard corner location.
  • High-traffic intersection exceeding 75,000 vehicles daily.
  • Strong co-tenancy including Walmart, Sprouts, Starbucks, Whole Foods, Trader Joe's, VASA Fitness, and Chase Bank.
  • Sale-leaseback opportunity with a new 15-year primary lease.
  • Lease commences upon escrow closing.
  • Triple-net (NNN) lease with minimal landlord responsibilities, plus two 5-year options.

Property Details for 2415 Alvernon Way

Property type
Day care centers & nurseries, Retail properties
Square Feet
13,650 SF
Class
A
Year Built/Renovated
2003/2024
Buildings
1
Stories
1
Units
1

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2513287
Longitude
-110.9105189

FAQs

What type of property is this?
Day care center & nursery - High-yield, single-tenant daycare, 15-year lease.
Where is the day care center & nursery located?
The property is located at 2415 Alvernon Way Tucson, AZ.
What is the asking price?
The asking price for this property is $6,774,012.
What are key features of this property?
This property features: High-visibility hard corner location.; High-traffic intersection exceeding 75,000 vehicles daily.; Strong co-tenancy including Walmart, Sprouts, Starbucks, Whole Foods, Trader Joe's, VASA Fitness, and Chase Bank.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2415 Alvernon Way
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