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29184914
27174445

2905 11th Ave, Sacramento, CA 95817

RF
CA CA 01716551
Cushman & Wakefield - Sacramento, California
KP
CA CA 01199010
Cushman & Wakefield - Sacramento, California
Cushman & Wakefield
Listed by Cushman & Wakefield - Sacramento, California, Cushman & Wakefield
$11,753,000
122 days on market
Updated 24 days ago

Spring Education Group | Sacramento, CA

Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 15,092
Cap Rate 6.25%
NOI $734,530
Tenancy Single
Lease Type NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Broker Co-Op Yes
Year Renovated 2025
Acreage 1.540
Ground Lease No

2 Miles from Downtown Sacramento | New 20-Year NNN Lease | 2.5% Annual Increases

Marketing description

Leased to Spring Education Group, the largest private school operator in the U.S. with over 200 locations and growing.

Spring Education Group has operated their elementary and middle school just two miles away for more than 20 years.

National operator with a portfolio of more than 200 schools, offering institutional-level credit quality.

Consistent occupancy and enrollment levels support long-term operational viability.

Site is under the Merryhill School trade name with nearly 30 campuses across California, Nevada, Colorado and Texas.

20-year net lease providing passive investment.

2.5% annual rent escalations provide built-in income growth and hedge against inflation.

Full corporate lease backed by Spring Education Group, an experienced, well-capitalized education provider with a proven track record.

Investment highlights

Dense Residential Location: The property is prominently located along 11th Avenue in Sacramento, CA, just south of the bustling Midtown district and in close proximity to UC Davis Medical Center—one of the city’s largest employers. The site is surrounded by dense residential neighborhoods, making it a highly accessible and convenient choice for families. Its central location within a revitalizing urban corridor ensures consistent daily traffic and strong visibility within the community.

Institutional-Grade Operator: Spring Education Group is part of a nationally recognized portfolio of early education through 12th grade private school brands. The operator’s scale, reputation, and professional management ensure reliable performance. As an essential-service provider, the school benefits from consistent demand, even in fluctuating economic conditions.

Strong Demographics & Urban Growth: Located in central Sacramento, the property benefits from a dense population base, with over 415,000 residents within a 5-mile radius and a 3-mile average household income of $117,000+. The area has seen steady growth due to new housing developments, professional migration, and the expanding influence of the nearby medical and university campuses. These factors support long-term enrollment stability and future real estate appreciation.

Newly Built Educational Facility: The building is specifically designed for early education, with features tailored to support child safety, learning environments, and outdoor play areas. Its existing buildout eliminates costly tenant improvements, allowing for efficient operations and a turnkey acquisition for investors. The tenant’s continued reinvestment in the property reflects its long-term value and functionality.

Central Sacramento Connectivity: Positioned minutes from downtown Sacramento, the property offers convenient access to Highways 50, 99, and I-5, connecting it to the greater metro region. The nearby UC Davis Medical Center, with thousands of employees and visitors daily, enhances demand for quality early education in the area. This urban infill location serves both working professionals and long-established residential communities, driving enrollment and long-term performance.

Listing Contacts

RF
CA CA 01716551
Cushman & Wakefield - Sacramento, California
KP
CA CA 01199010
Cushman & Wakefield - Sacramento, California
Cushman & Wakefield
Listed by Cushman & Wakefield - Sacramento, California, Cushman & Wakefield

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$734,530.00
$61,210.83/mo

Valuation Metrics

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DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Ryan Forsyth
License
CA 01716551
Name
Kevin Partington
License
CA 01199010
Brokerage
cushman and wakefield
Title
executive managing director
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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