4710 Lone Mountain RdCave Creek, AZ 85331

Property Details for 4710 Lone Mountain Rd

Year built

2008

Construction

STEEL FRAME

Lot size

3.14 AC

Property size (Sq ft)

27,015 SF

Zone code

C-2

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

211-35-020

APU

21135020

Description

This exceptional investment opportunity presents a single-story, 3.14-acre retail property in Cave Creek, Arizona, built in 2008. The property boasts a strong 10.25% cap rate, generating a substantial net operating income (NOI) of $1,284,940. Currently leased to Learning Care Group, Inc. (parent company of Tutor Time) under a corporate Absolute NNN lease with 4 years remaining, this investment offers significant security and minimal landlord responsibilities. The lease includes annual rent increases of 1.75%, ensuring consistent growth. Strategically located on a high-traffic corner with nearly 33,000 vehicles passing daily, the property benefits from exceptional visibility and accessibility. The surrounding area demonstrates robust demographics, with an average household income exceeding $162,000 within a one-mile radius. This prime location also enjoys strong retail synergy, situated near major retailers such as Safeway, Fry's, McDonald's, Walgreens, Circle K, and O'Reilly Auto Parts, driving significant foot traffic. The Phoenix retail market is experiencing robust growth, with over 1.4 million square feet of net absorption in the past year, solidifying its position as a top-performing market. This property offers a compelling combination of strong cash flow, long-term lease stability, and significant growth potential in a thriving retail environment. The asking price is $12,536,000.

• CAP approach

  CAP return

  Valuation

  6%

  $6,172,618

  6.5%

  $5,697,801

  7%

  $5,290,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,750,658

  Geo Method

  $5,750,658

• Alternative Use

  Use

  Valuation

  Residential

  $7,227,901

  Hospitality

  $6,620,718

  Educational

  $5,508,360

  Medical

  $5,697,801

  Retail

  $8,568,560

Location Insight

City

Cave Creek

County

Maricopa

State

Arizona

Latitude

33.7707

Longitude

-111.98

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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