Available For Sale - Retail

15,000 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
15,000 SF
Price/SF
Show Pricing $
Listing ID
SA454353
Notes
Tutor Time Learning Center in the affluent New York City suburb of Pleasantville, New York.



The tenant signed a 10-year lease in August 2017 with minimal landlord

responsibilities.



Net Operating Income: $158,943.00 Annually



Tutor Time has been operating at this location for 18 years. There are 1.5 percent annual rent bumps over the remainder of the base term. The lease is backed by a corporate guaranty from Tutor Time Learning Centers, Limited Liability Company (LLC), a wholly owned subsidiary of Learning Care Group, Incorporated (Inc.), and the second-largest for-profit child care provider with more than 900 locations in the United States. The subject property is situated at the signalized, hard corner intersection of Bedford Road and Marble Avenue. Tutor Time has more than 167 feet of frontage along Bedford Road, a major 10 mile connector in Westchester County. This asset also

benefits from its walkability and strategic access to transit. Red fin assigned this property a Walk Score of 89, deeming this location “Very Walkable.” The Pleasantville Train Station is adjacent from Tutor Time. The Metro-North Harlem Line has more than 43,000 riders daily and provides direct access to Grand Central Station in Manhattan.

Tutor Time benefits from affluent demographics as well. There are more than 103,000 residents in five miles. Within one mile of this asset, the average household income is greater than $160,000. Additional tenants in the immediate vicinity include: Dunkin’ Donuts, Advance Auto Parts, Starbucks, 7-Eleven, Chase Bank, and many more.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Peter Chen, Houlihan Lawrence Commercial