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Merryhill Preschool 7335 Park City Dr 11,448 SF Retail Building Sacramento, CA 95831 $3,797,000 ($331.67/SF) 7% Cap Rate
Investment Highlights
- Absolute Triple-Net (NNN) Lease with Multiple Renewal Options and Rent Increases Occurring Every 2 Years
- Average Household Income Exceeds $130,000 Within a 1-Mile Radius
- Easily Accessible Location Immediately Off the Interstate 5 (±117,000 Cars per Day), Providing a Direct Route to Downtown Sacramento
- Corporate Guaranty by Spring Education Group, a Multi-brand Education Network Composed of Over 215 Schools in 19 States
- Densely-Populated Trade Area in Sacramento - 253,910 Residents within a 5-Mile Radius
- Located within Sacramento’s Pocket-Greenhaven Neighborhood, an Affluent Area with Waterfront Homes, Parks, Trails, and Excellent Schools
Executive Summary
Merryhill School was founded in 1949 in downtown Sacramento, California. Today, Merryhill School has approximately 28 locations in California, Nevada, Colorado, and Texas. Its locations offer preschool, a private elementary and middle school, summer camp, and before- and after-school programs.
Sacramento is the capital city of California and the seat of Sacramento County, located at the confluence of the Sacramento River and the American River in the northern portion of California’s expansive Central Valley.
Sacramento is the capital city of California and the seat of Sacramento County, located at the confluence of the Sacramento River and the American River in the northern portion of California’s expansive Central Valley.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,448 SF
Building Class
B
Year Built
2022
Price
$3,797,000
Price Per SF
$331.67
Cap Rate
7%
NOI
$265,766
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.41 AC
Zoning
C-2, Sacramento
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 031-0051-015 | Improvements Assessment | $2,802,546 |
| Land Assessment | $499,314 | Total Assessment | $3,301,860 |
Property Taxes
Parcel Number
031-0051-015
Land Assessment
$499,314
Improvements Assessment
$2,802,546
Total Assessment
$3,301,860
Contacts
-
Spencer Berkley -
Mark Ruble -
Christopher Lind -
Zack House -
Tony Solomon -
Marcus & Millichap
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Merryhill Preschool | 7335 Park City Dr
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