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The Goddard School of Lake Ridge 12405 Cape Cod Ct 8,170 SF Retail Building Lake Ridge, VA 22192 $3,950,000 ($483.48/SF) 6.93% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Lease
- 2 x 5 Year Renewal Options
- 3% Annual Increases
EXECUTIVE SUMMARY
Key financial highlights include:
- Sale Price: $3,950,000
- NOI: $273,920
- Cap Rate: 6.93%
- Annual Rent Increases: 3%, ensuring income growth
- Lease Term: Absolute NNN, with tenant covering all expenses
- Renewal Options: Two 5-year extensions
The surrounding area boasts a robust median household income of $155,026 within a 3-mile radius, a steadily growing population, and a business-friendly environment. The property is in close proximity to major highways and commuter routes serving Washington D.C., making it an attractive long-term investment.
PROPERTY FACTS
AMENITIES
- Fenced Lot
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Educational Services
- 8,170 SF
- $32.56
- Triple Net
- Jan 2028
The Goddard School® is a private preschool and early childhood education center with locations across the United States. Their preschool's approach to learning is centered around play-based activities and hands-on experiences, which help children develop a love for learning while building important skills in areas like literacy, math, and social-emotional development. In addition to providing a nurturing and supportive environment for children, The Goddard School also places a strong emphasis on communication and collaboration with parents to support their child's growth and development both inside and outside the classroom. Find the nearest private preschool near you by using their School Locator tool.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Educational Services | 8,170 SF | $32.56 | Triple Net | Jan 2028 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8293-14-1183 | Improvements Assessment | $2,105,300 |
| Land Assessment | $562,000 | Total Assessment | $2,667,300 |
PROPERTY TAXES
Presented by
The Goddard School of Lake Ridge | 12405 Cape Cod Ct
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