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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.

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

Starbucks
U.S. Bank
Food 4 Less
Planet Fitness
Black Angus Steakhouse
Hardcore Fitness
Denny's
Marie Callender's Restaurant & Bakery
IHOP
HYHT CrossFit
  • Listing ID: 33625748

  • Date on Market: 24/10/2024

  • Last Updated:

  • Address: 2042-2054 W Avenue J, Lancaster, CA 93536

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