Tutor Time

Grand Rapids is a city and county seat of Kent County in the U.S. state of Michigan. At the 2020 census, the city had a population of 198,893 which ranks it as the second most-populated city in the state after Detroit. Grand Rapids is the central city of the Grand Rapids metropolitan area, which has a population of 1,087,592 and a combined statistical area population of 1,383,918. Situated along the Grand River approximately 25 miles (40 km) east of Lake Michigan, it is the economic and cultural hub of West Michigan, as well as one of the fastest-growing cities in the Midwest. A historic furniture manufacturing center, Grand Rapids is home to five of the world's leading office furniture companies and is nicknamed "Furniture City". Other nicknames include "River City" and more recently, "Beer City" (the latter given by USA Today and adopted by the city as a brand). The city and surrounding communities are economically diverse, based in the health care, information technology, automotive, aviation, and consumer goods manufacturing industries, among others.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.