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The Children's Courtyard 12303 Ridgecrest Rd 11,450 SF Retail Building Victorville, CA 92395 $2,800,000 ($244.54/SF) 6.75% Cap Rate
Investment Highlights
- Rare Sub $3 Million Corporate Triple Net Asset in California
- Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with Over 1,150 Schools Across 11 Brands
- 175,650+ Residents Within a 5-Mile Radius
- 5% Rental Increases Every 5 Years With Multiple Renewal Options
- Less Than 1 Mile from Victor Valley Community College (±8,425 Students)
- Average Household Income Exceeds $94,000 in a 1-Mile Radius
Executive Summary
The Children’s Courtyard schools are designed for children from six weeks to 12 years of age. In all the early educational programs along the school’s Learning Pathway, The Children’s Courtyard provides research-based curriculum that can be customized to meet the individual developmental needs of each child. The Children’s Courtyard is part of Learning Care Group, and has 96 schools open and in development across 12 states.
Victorville, California, is home to approximately 141,000 residents and is the largest city in the High Desert region of San Bernardino County and serves as a major commercial, transportation, and service center for the Victor Valley.
Victorville, California, is home to approximately 141,000 residents and is the largest city in the High Desert region of San Bernardino County and serves as a major commercial, transportation, and service center for the Victor Valley.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,450 SF
Building Class
C
Year Built
2001
Price
$2,800,000
Price Per SF
$244.54
Cap Rate
6.75%
NOI
$189,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.48 AC
Parking
25 Spaces (2.18 Spaces per 1,000 SF Leased)
Frontage
318’ on Ridgecrest Rd
Amenities
- Pylon Sign
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0482-033-04 | Improvements Assessment | $1,526,808 |
| Land Assessment | $221,326 | Total Assessment | $1,748,134 |
Property Taxes
Parcel Number
0482-033-04
Land Assessment
$221,326
Improvements Assessment
$1,526,808
Total Assessment
$1,748,134
Contacts
-
Spencer Berkley -
Mark Ruble -
Christopher Lind -
Zack House -
Tony Solomon -
Marcus & Millichap
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