Tutor Time
3280 Grand Ridge Dr NE, Grand Rapids, MI 49525
- $3.3M
- 10,000 SF building
- 1 ac
Fortis Net Lease is pleased to present the opportunity to acquire the single-tenant net leased Tutor Time located at 3280 Grand Ridge Dr NE in Grand Rapids. The offering consists of an approximately 10,000-square-foot purpose-built childcare facility situated on a 1.1-acre parcel in a well-established residential and retail corridor. The property benefits from strong surrounding demographics, excellent accessibility, and proximity to major thoroughfares serving the broader Grand Rapids metropolitan area.This investment offers a stabilized income stream with a reported NOI of $324,979, providing investors with a strong yield profile supported by an essential-services tenant in the early education sector. The site’s layout and building size are well-suited for childcare operations, featuring dedicated indoor and outdoor learning environments and convenient drop-off access. Positioned within a growing suburban trade area, the asset benefits from consistent demand drivers tied to family-oriented housing growth and daytime population density. Located in thriving Grand Rapids, MIBuilt in 2001 - mulitple options already executed2% annual rent escalationsLeased to nationally recognized childcare operatorLandlord has very minimal obligations (structure only)
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