Single Tenant Retail
Cap Rate: 6.50%
This is a triple net leased property with 13 years left on the lease. The tenant on the lease is Child Care Networks, a nationwide operator of day care centers with over 250 locations. The local brand, Sunrise Preschools, operates 30 locations in the Phoenix metropolitan area.
- Generated multiple offers
- Overcame a low appraisal by persuading the Buyer’s lender to increase their Loan-to-Value ratio on the property
- Assisted both parties in restructuring several contracts between tenant and landlord in order to to satisfy Buyer’s concerns without increasing the Seller’s exposure
- Aggressively marketed the property with a Pitch Video that brought significant interest to the property
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