STNL Daycare w/in Smart & Final & CVS Center | 2042-2054 W Avenue J
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STNL Daycare w/in Smart & Final & CVS Center 2042-2054 W Avenue J
14,111 SF Retail Building Lancaster, CA 93536 £4,661,059 (£330/SF) 6.71% Net Initial Yield
Investment Highlights
- STNL Daycare within highly successful shopping center
- The tenant has been at this site for several years and is expanding into the Supercuts suite within a few months, demonstrating long-term commitment
- Passive NNN leased investment for future investor - Ideal 1031 replacement property
Executive Summary
- Single tenant NNN leased daycare - A Place of Our Own Learning Academy
- Fully enrolled daycare with strong operator and personal guarantee
- Proven Daycare location - The tenant has been at this site for several years and is expanding into the Supercuts suite within a few months, demonstrating long-term commitment to the site, creating excellent security for the investor
- Located within a highly successful and busy shopping center anchored by Smart and Final, CVS, DD's, AT&T, Western Dental, etc.
- Fully enrolled daycare with strong operator and personal guarantee
- Proven Daycare location - The tenant has been at this site for several years and is expanding into the Supercuts suite within a few months, demonstrating long-term commitment to the site, creating excellent security for the investor
- Located within a highly successful and busy shopping center anchored by Smart and Final, CVS, DD's, AT&T, Western Dental, etc.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
14,111 SF
Year Built/Renovated
1979/2021
Price
£4,661,059
Price Per SF
£330
Net Initial Yield
6.71%
NOI
£312,757
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Land Acres
1.33 AC
Nearby Major Retailers
1 of 4
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STNL Daycare w/in Smart & Final & CVS Center | 2042-2054 W Avenue J
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