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Tutor Time
6365 Emerald Parkway, Dublin, OH 43016, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,775 SF Tutor Time Learning Center Located at 6365 Emerald Parkway in Dublin, OH. This Deal Includes an Asset Which is 100% Leased to Tutor Time on a Double Net (NN) Lease With 7.6 Years of Term Remaining, Providing For a Secured Investment.
- This Asset is 100% Leased to Tutor Time on a Double Net (NN) – 7.6 Years of Term Remaining
- Corporately Backed By Learning Care Group, Inc., Which is the 2nd Largest For-Profit Childcare Company in North America and a Leader in Early Education, With a Network of Over 1,150 Locations in the Country, With a Capacity For Over 156,000 Students and 11+ Brands
- 15+ Feeder Elementary Schools Within a 5-Mile Radius: Bailey Elementary School, Bishop Elementary School, Chapman Elementary School, Deer Run Elementary School, Depp Elementary School, Glacier Ridge Elementary School, Hopewell Elementary School, Indian Run Elementary School, Olde Sawmill Elementary School, Pinney Elementary School, Riverside Elementary School, Scottish Corners Elementary School, Thomas Elementary School, Wright Elementary School, And Wyandot Elementary School
- Total Consumer Spending on Education and Daycare Exceeds $193 Million Annually Within a 5-Mile Radius of This Location, and Average Household Income Exceeds $129,120 Within a 3-Mile Radius of This Location
- Ideally Located Just Off Emerald Pkwy, Which Sees Over 16,860 VPD
- The Childcare and Early Education Industry is Projected to Grow at an Annual Rate of 5.0% Over the Next Five Years Due to the Rising Population of Young Children as Well as the Societal Shift That Has Sent More Parents Into the Workforce
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker – Lic. #REC.2020005946 BoR: Scott Reid – Lic. OH #BRKP.2020001224
Tutor Time
6365 Emerald Parkway, Dublin, OH 43016, USA
TUTOR TIME LEARNING CENTER
Tutor Time was established in 1988 in Boca Raton, Florida. Today, there are nearly 200 corporate and franchise schools throughout the United States, Hong Kong, and Indonesia. Tutor Time daycare centers offer convenient childcare options ranging from infant care, preschool, before & after school, and more. Tutor Time is dedicated to fostering educational development, building self-esteem, and sparking imagination in a safe and loving environment. As a leader in early child education and family solutions, the company is committed to developing innovative educational solutions. Tutor Time is a subsidiary of Learning Care Group Inc., the second-largest for-profit provider of child care and educational services in the United States. Tutor Time is part of the Learning Care Group family of early childhood education centers, which includes La Petite Academy, Childtime, The Children’s Courtyard, Everbrook Academy, Montessori Unlimited, AppleTree & Gilden Woods, U-GRO, Creative Kids Learning Center, Young School, and Pathways Learning Academy.
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Cadence Academy – Sicklerville, NJ
Winslow Township, New Jersey
Cap Rate: 6.75%
$2,669,629
Available
Price
$3,870,000
Cap Rate
7.00%
PREMISES
10,775 SF
RENEWAL OPTIONS
3 x 5 Year Options
Lease Expiration
12/31/2032
Lease Type
NN
RENTAL INCREASES
7.5% Every 5 Years
BROKERS
Chris Sands
Scott Reid, ParaSell LLC
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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