Kiddie Academy
8,350,000
Costa Mesa (Newport Beach), CA
At-A-Glance
Price: $8,350,000
Net Operating Income: $440,000
Cap Rate: 5.27%
Opportunity
Brand New 20-Year Absolute NNN lease
Affluent Orange County Location - Costa Mesa / Newport Beach, CA
Scheduled 2% Annual Rental Increases Throughout Lease and Options
Excellent/High Quality Real Estate - Building was Completely Renoavated for Kiddie Academy in 2022
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
