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12303 Ridgecrest Rd 13,830 SF Retail Building Victorville, CA 92395 $3,150,000 ($227.77/SF) 5.88% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN CHILDCARE INVESTMENT OPPORTUNITY IN VICTORVILLE, CA
- Strong Demographics
- Children’s Courtyard, Inc. (CCI) Corporate Lessor
- National Leader Learning Care Group, Inc. (LCG),
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
13,830 SF
Building Class
C
Year Built
2001
Price
$3,150,000
Price Per SF
$227.77
Cap Rate
5.88%
NOI
$185,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.48 AC
Parking
25 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
318’ on Ridgecrest Rd
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0482-033-04 | Improvements Assessment | $1,496,871 |
| Land Assessment | $216,986 | Total Assessment | $1,713,857 |
PROPERTY TAXES
Parcel Number
0482-033-04
Land Assessment
$216,986
Improvements Assessment
$1,496,871
Total Assessment
$1,713,857
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12303 Ridgecrest Rd
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