16450 Yuma RdGoodyear, AZ 85338

Property Details for 16450 Yuma Rd

Year built

2023

Lot size

1.12 AC

Property size (Sq ft)

19,772 SF

Zone code

C-2

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

500-96-956

APU

50096956

Description

This exceptional investment opportunity presents a brand-new, 9,890-square-foot daycare center in Goodyear, Arizona. The property, built in 2023, is situated on a 1.11-acre lot at 16450 W Yuma Rd, 85338, within the Sarival Marketplace, anchored by Fry's Marketplace. The Learning Experience, a rapidly expanding national brand with over 450 locations, occupies the entire space under a 20-year net lease (NNN) commencing April 1, 2023, and expiring March 31, 2043. The lease includes a strong corporate guarantee and features built-in rent increases of 6% every five years. The property boasts a current Net Operating Income (NOI) of $387,688, representing a 6.35% capitalization rate and a price per square foot of $617.32. The asking price is $6,105,323. This investment benefits from Goodyear's robust population growth, making it an attractive option for long-term, secure cash flow. The property's prime location within a thriving retail center ensures high visibility and consistent traffic. The 20-year lease term, combined with the tenant's financial strength and the built-in rent escalations, provides a hedge against inflation and minimizes landlord responsibilities. This is a rare opportunity to acquire a high-quality, net-leased investment property in a rapidly growing market. The property features a 20-year roof warranty.

• CAP approach

  CAP return

  Valuation

  6%

  $4,630,372

  6.5%

  $4,274,190

  7%

  $3,968,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,505,032

  Geo Method

  $3,505,032

• Alternative Use

  Use

  Valuation

  Residential

  $5,421,990

  Hospitality

  $4,966,514

  Educational

  $4,132,082

  Medical

  $4,274,190

  Retail

  $6,427,682

Location Insight

City

Goodyear

County

Maricopa

State

Arizona

Latitude

33.437

Longitude

-112.413

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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