VIAONE Commercial Real Estate Group is pleased to present this exclusive opportunity to acquire a single-tenant retail/childcare investment offering in Mesa (Phoenix), Arizona. This deep-rooted community established learning center is located at 1928 N. Gilbert Road, Mesa, AZ. The subject property consists of a freestanding 10,200 SF retail building sitting on 1 acre. The tenant has successfully operated at this location for over 21 years. The long-term tenant stability of the subject property is intrinsic to its strategic trade-area location in the vastly developing east valley of greater Phoenix. The tenant, guaranteed by its parent company, Learning Care Group, Inc., has renewed their long-term commitment to the subject property through a brand new 10 year NNN lease. The lease structure offers low management ownership coupled with stable long term cash flow through one of Learning Care Group's top performing center.
Distinguishing Factors. The asset distinction represents a level of investor confidence demonstrated through more than 21 years of proven asset performance enhanced by location value, just south of the highly trafficked intersection of N. Gilbert Rd. and E Mckellips Road. Several of the largest national and pandemic proof tenants make up the surrounding trade area including Starbucks, Dutch Bros, Dollar Tree, Chase Bank, EOS Fitness, and Banner Urgent Care. Further reinforcing the long term asset value and fear of relocation. Retailers like KTR (Kids that Rip, indoor action sports), also contribute to the family oriented community the subject property is located.
Mesa is a rapidly growing city with more than 450,000 residents and home to Apple’s new 1 million square foot manufacturing facility. The city is also home to the largest school district in the state and its school system has 10,000 employees. Mesa has 16 schools of higher learning including Arizona State University’s Polytechnic Campus, Arizona School of Health Sciences (medical center) and Arizona School of Health Sciences Dental School. Major industries include Banner Health System, Boeing, Talley Defense Systems, TRW Safety Systems and Apple. It is a city on the move, with an abundance of freeways, highways and state routes strategically located along commerce corridors and current and future population centers.
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