Net Lease Tutor Time Property Profile and Cap Rates Date October 6, 2020
Net Lease Tutor Time – Typical Property and Lease Terms
| Price Range: | $2M - $4M |
|---|---|
| Cap Rate: | 7.00% - 7.50% |
| Net Income: | $140,000 - $300,000 |
| Price Per foot: | $200 PSF - $333 PSF |
| Building Size: | 10,000 SF - 12,000 SF |
| Lot Size: | 1.5 Acres |
| Escalations: | 1% Annually or 5% Every 5-Years |
| Lease Term: | 20 Years |
| Lease Type: | NNN |
| Credit Rating: | B+ (S&P) |
Tenant Company Information:
Tutor Time Learning Systems franchises and operates child care centers. Tutor Time serves the education-based childcare needs of children from six weeks to six years of age with summer camps and after school supplemental learning and tutoring programs for children through 17 years of age. Tutor Time was established in 1988 in Boca Raton, Florida. There are nearly 200 corporate and franchise schools throughout the United States, Hong Kong and Indonesia. 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. The corporate headquarters are in Novi, Michigan.
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