Listed by Lee & Associates - Irvine
$3,150,000
The Children’s Courtyard
Details
APN 0482-033-04-00000
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 12,000
Cap Rate 5.88%
NOI $185,250
Occupancy 100%
Tenancy Single
Brand/Tenant Children’s Courtyard, Inc
Lease Type NNN
Lease Expiration 05/30/2031
Remaining Term 5
Lease Options 2, 5-Year Options Remaining
Price per SqFt $263
Year Built 2001
Buildings 2
Acreage 2.480
Lease Commencement 05/31/2021
Retail | 5.88% CAP | 12,000 SqFt
Marketing description
Lee & associates is pleased to present the opportunity to purchase a freestanding childcare property with 2 buildings and pool at 12303 ridgecrest rd, victorville. The 13,830 sf building is situated on a 2.48 acre (108,028 sf) parcel along ridgecrest rd and lindero st. The property is adjacent to bear valley rd (70,694 cpd) which is a main corridor in the high desert. The two buildings were built in approximately 2001 and is 100% occupied by children’s courtyard, inc., a national childcare operator with nearly 100 locations nationwide. The average household incomes in a 1 mile, 3 mile, and 5 mile radius are $82,234, $89,573 and $81,037 respectively. The tenant is e-commerce resistant and service oriented. Traffic counts along bear valley rd. Is ±70,600 cpd near ridgecrest rd. Neighboring retail tenants include: vons, ross, petco, cvs, us bank, starbucks, carl’s jr., taco bell, and many other national and regional tenants. The property is adjacent to the spring valley lake communities which is arguably one of the nicest neighborhoods in the high desert area. Spring valley lake was developed around a man made lake with higher end homes, a country club with a golf course, and many other quality amenities.
Investment highlights
- $15,750.00 monthly rent (6/1/2026)
- Current monthly rent is $15,000.00
- Nnn lease type
- +5 years lease term remaining
- Rental rate/sf ($) $13.02 psf currently - $13.67 psf on 6/1/2026
- Monthly base rent ($) $15,000.00 currently - $15,750.00 on 6/1/2026
- Yearly base rent ($) $180,000 currently - $189,000 on 6/1/2026
- Corporate lease children’s courtyard inc. Parent company is learning care group inc
- Percentage leased: 100%
- Children’s courtyard, inc. (cci) corporate lessor: lease with a corporate tenant that operates nearly 100 locations in 12 states.
- Open 5 days a week: the school maintains extended hours and daily availability, reinforcing strong client loyalty.
- High-performing school: among the best-performing schools in the region, the school demonstrates strong revenue and sustained operational success. This school has consistently been voted the best school in the high desert.
- National leader learning care group, inc. (lcg), a privately held national company with estimated 2.5 billion in annual revenue. Lcg operates a diverse portfolio across the country. Lcg operates under 11 brands and currently owns and operates 1,150+ schools.
- Nnn lease-minimal landlord of school’s responsibilities tenant directly responsible for all expenses, including taxes, insurance, roof maintenance, hvac (repair/maintenance), utilities, plumbing, and fire/life safety systems. The landlord’s responsibility is limited solely to maintenance and repair of the fountain, load-bearing walls, exterior walls, and replacement of the roof membrane and hvac units at the end of their useful life.
- Inflationary protection lease features 10% rental increases every 5 years, providing a stable hedge against inflation.
- Prime high desert location the property is situated in the city of victorville, a highly desirable submarket in the heart of the high desert - one of the california’s most value oriented markets.
- Strong demographics the immediate area boasts over 350,000 residents with average household incomes exceeding $89,000 in a 3-mile radius, fueling strong demand for childcare/school.
- Accessibility centrally located with direct access to bear valley rd, which is similar to a highway with over 70,000 cars per day.
- Retail & community presence the property benefits from being located adjacent to bear valley rd., a major commercial corridor surrounded by retail, dining, and medical facilities that drive daily consumer traffic and visibility.
- Proximity to spring valley lake and jess ranch the property is located just 0.5 miles from spring valley lake and nearby jess ranch neighborhoods.
- Long-term commitment to the site - the property was built by the seller in 2001 as a childcare/school. When the school opened, there was a long waiting list proving the school’s need in the community and surrounding areas.
- Corporate tenant/operator - the tenant purchased the business from the seller in 2021 primarily because the school’s long standing in the community and the demand from the high-end neighborhoods nearby
Listing Contacts
Listed by Lee & Associates - Irvine
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$185,250.00
$15,437.50/mo
Valuation Metrics
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DSCR
5.88%
Cap Rate
5.88%
ROI
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