Listed by Blvd Real Estate Investment Co
$8,350,000
New 20-Yr Abs NNN - Kiddie Academy, Newport Beach, CA
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 6,237
Net Rentable (SqFt) 6,237
Cap Rate 5.27%
NOI $440,000
Occupancy 100%
Tenancy Single
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 4 (5-Year) Options
Year Built 1960
Year Renovated 2022
Acreage 0.620
Investment Type Sale/Leaseback
Ground Lease No
20-Yr Abs STNL - Kiddie Academy, Newport Beach
Marketing description
Brand New 20-Year Absolute NNN lease
Affluent Orange County Location - Costa Mesa / Newport Beach, CA
Scheduled 2% Annual Rental Increases
Investment highlights
- Brand New 20-Year Absolute NNN Lease featuring scheduled annual rental increases during the initial lease term and options
- Scheduled 2% Annual Rental Increases - Reliable and consistent cash flow growth for investor
- Absolute NNN Lease Structure - Tenant is responsible for all expenses including base rent, taxes, insurance, CAM, and roof & structure
- Ideal 1031 Investment Opportunity for Passive Investor - No Landlord responsibilities whatsoever
- Best in Class Tenant / Franchisee - This location in Costa Mesa is operated by one of the most successful Kiddie Academy franchisees in the nation with the exclusive rights to operate the Kiddie Academy brand in North Orange County, CA; the franchisee’s other locations include: Irvine, Tustin, Huntington Beach, Santa Ana, Costa Mesa, Buena Park,and Orange
- Top Tier Orange County Location in Costa Mesa (Newport Beach)
- Convenient drop Off and Pick Up Location for parents and children
- Excellent Preschool / Daycare Enrollment - Fully enrolled school with waiting list - Long-term security for tenant and investor
- Highly Affluent Area / Strong Demographics - There are over 326,147 residents living within a 5 mile radius of the Subject Property, with an average household income above $152,219 - Ideal demographics for child care
Listing Contacts
Listed by Blvd Real Estate Investment Co
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$440,000.00
$36,666.67/mo
Valuation Metrics
0
DSCR
5.27%
Cap Rate
5.27%
ROI
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