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1345 N Grand Ave 6,800 SF Retail Building Santa Ana, CA 92705 $7,220,000 ($1,061.76/SF) 5% Cap Rate
Investment Highlights
- Long-Term (15~ Year) Absolute NNN Lease featuring scheduled annual rental increases during the initial lease term and options
- Absolute NNN Lease Structure - Tenant is responsible for all expenses including base rent, taxes, insurance, CAM, and roof & structure
- Excellent Preschool / Daycare Enrollment - Fully enrolled school with waiting list - Long-term security for tenant and investor
- Scheduled 2% Annual Rental Increases - Reliable and consistent cash flow growth for investor
- Convenient I-5 Freeway Location - Easy Drop Off and Pick Up Location for parents and children
- Affluent Area / Strong Demographics - Over 644,809 residents living within a 5 mile radius, with an average household income of $127,117
Executive Summary
Long-Term (15-Year) Absolute NNN Leased Kiddie Academy in Santa Ana (Orange County), CA
- Long-Term (15~ 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 Santa Ana 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 (Subject Property), Costa Mesa, Buena Park, and Orange
- Top Tier Orange County Location in Santa Ana
- Convenient I-5 Freeway Location - Easy 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
- Affluent Area / Strong Demographics - There are over 644,809 residents living within a 5 mile radius of the Subject Property, with an average household income above $127,177 - Ideal demographics for child care
- Long-Term (15~ 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 Santa Ana 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 (Subject Property), Costa Mesa, Buena Park, and Orange
- Top Tier Orange County Location in Santa Ana
- Convenient I-5 Freeway Location - Easy 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
- Affluent Area / Strong Demographics - There are over 644,809 residents living within a 5 mile radius of the Subject Property, with an average household income above $127,177 - Ideal demographics for child care
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
6,800 SF
Building Class
C
Year Built
2019
Price
$7,220,000
Price Per SF
$1,061.76
Cap Rate
5%
NOI
$361,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.65 AC
Zoning
C5
Parking
25 Spaces (3.68 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 400-261-14 | Improvements Assessment | $1,246,919 |
| Land Assessment | $2,467,309 | Total Assessment | $3,714,228 |
Property Taxes
Parcel Number
400-261-14
Land Assessment
$2,467,309
Improvements Assessment
$1,246,919
Total Assessment
$3,714,228
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1345 N Grand Ave
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