Tutor Time – Single Tenant NNN Investment

6020 Hamner Avenue, Mira Loma, CA

$5,900,000

Price

5.65%

Cap Rate

11,300 sqft

Building Size

Overview
Cap Rate
5.65%
Building Size
11,300 sqft
Lot Area
60,354 sqft
Year Built
2005
Description

TUTOR TIME: is owned by Learning Care Group which is second largest for profit child care center in North America with 900+ locations. Franchisee is GFGTT Holdings which is one of the largest Tutor Time franchisees in North America. Per owner’s Tutor Time Eastvale has been a model tenant during the ownership since inception 14 years ago approximately.

POWER CENTER DETAILS: Eastvale Gateway 1 & 2 has a combined 848,000 Square Feet on a 75+ Acre Site. Tutor Time is part of Eastvale Gateway 1 which has Anchor Tenants: Vons, Home Depot, Chase, Bank Of America, Habit, Chipotle, Cold Stone etc. Eastvale Gateway 2 has Anchor Tenants: Target, Kohls, Best Buy, Edwards Theatres, Petsmart, Staples etc. This is one of the largest power centers in the entire region with home developments booming

LEASE SUMMARY:
* 20 Year original lease expires August 30, 2025 TBV Lease Commencement 9.1.05
* Options: Three (3) Five (5) year options
* Single Detached Building on site approximately 11,300 sq. ft.
* Rental Increases: annual CPI increases not to exceed 3.0%
* Tenant Responsible For:
Property Taxes
Liability and Building Insurance
Common Area Maintenance: Eastvale Gateway Lewis Retail Centers does all the common area maintenance then bills property owner which is then subject to reimbursement by tenant. HVAC: tenant is solely responsible for maintenance repairs & replacement of HVAC. Roof & Structure: tenant is responsible for roof maintenance. Landlord is responsible for roof replacements.

Documents
Title
Offering Memorandum
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery