350 N 96th Ave

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350 N 96th Ave

Tolleson, AZ 85353
Asking Price
$3.45M
Cap Rate
7.5%
Asset Type
Day Care/Nursery Retail
Class
Class B

What's Special

7.50% CAP | Phoenix MSA | 100% Corporate Operator | Absolute NNN Lease w/ Rent Increases <p><strong>Investment Highlights</strong></p><ul><li>​Part of a 2-Property Portfolio | Available Individually or Combined (Contact Broker)</li><li>​Absolute NNN Lease with Scheduled Rental Increases</li><li>​Corporate Lease & Corporate Guaranty (Full Duration of the Lease)</li><li>​Three 3-Year Renewal Options</li><li>​Waitlisted Across Multiple Classrooms</li></ul><p></p><p><strong>Tenant Highlights</strong></p><ul><li>​Sunrise Preschools’ Parent Company, Child Development Schools, Inc., is a T

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NOI
$80,000
Cap Rate
2.32%
DSCR
0.39
Underwater
Cash-on-Cash
-12.06%
Monthly Payment
$17,069.707
Annual Cash Flow
$-124,836.485

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