Retail Business for Sale in Glendale, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Glendale, AZ 85302

Description

KinderCare Learning Centers are community-based centers offering education and care for children six weeks to 12 years old in neighborhoods across the country. Through over 1,500 KinderCare Learning Centers, children engage in purposeful learning and play every day. The city of Glendale is the sports destination for all of Arizona. Located about 9 miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management. Investment Highlights: • Approximately Seven Years Remaining on Absolute Triple-Net (NNN) Lease • KinderCare Education is the Largest Provider of Early Education in the Nation with More than 1,500 Centers • Dense Trade Area in the Phoenix MSA With More than 480,000 Residents Within a Five-Mile Radius • High Growth Trade Area With Households to Increase 3.58 percent Within Three Miles in the Next Four Years • Located at the Corner of Peoria Ave and 51st Ave, Visible to More than 48,000 Cars per Day

Market Context

This retail in Glendale, AZ is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 54 days. Compare it against other retail listings for sale in Glendale, AZ — <a href="/search/sale/retail/arizona/glendale">view the full market</a>.

As of Q3 2023, the Greater Los Angeles retail market showed rents up 0.5% year over year, and cap rates around 5.0%. Source: Consensus Q3 2023 market report.

Its 6.0% asking cap rate is above the Greater Los Angeles retail market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Retail market FAQ

What is the typical cap rate for retail in Greater Los Angeles?
About 5.0% as of Q3 2023, per Consensus.

Unified Estimate

Medium Confidence

$10.03/SF – $13.57/SF

Mid: $11.80/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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