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20-Yr Abs NNN Leased Kiddie Academy 7501 Commonwealth Ave 8,928 SF Office Building Buena Park, CA 90621 $8,350,000 ($935.26/SF) 5.27% Cap Rate
Investment Highlights
- Brand New 20-Year Absolute NNN Lease, featuring scheduled 2% annual rental increases during the initial lease term and options
- Top Tier Orange County (Buena Park) Location
- Excellent Daycare Enrollment - Fully enrolled day care center with waiting list - Long-term security for tenant and investor
- Absolute NNN Lease Structure - Tenant is responsible for everything including base rent, taxes, insurance, CAM, and roof & structure
- Freeway On-Ramp & Off-Ramp Access - Located at the on/off ramps for I-5 Freeway and Auto Center Drive
- Affluent / Strong Demographics - There are over 642,286 residents living within a 5 mile radius, with an average household income of $107k
Executive Summary
Brand New 20-Year Absolute NNN Sale Leaseback with Kiddie Academy in Buena Park (Orange County), CA.
Asking Price: $8,350,000
Net Operating Income: $440,000 (Year 1) w/ Scheduled 2% Annual Increases
Asking Price: $8,350,000
Net Operating Income: $440,000 (Year 1) w/ Scheduled 2% Annual Increases
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,928 SF
Building Class
B
Year Built
1971
Price
$8,350,000
Price Per SF
$935.26
Cap Rate
5.27%
NOI
$440,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,928 SF
Slab To Slab
15’
Building FAR
0.27
Lot Size
0.77 AC
Zoning
General Commericial - Allows for medical, retail and commercial uses by right. Additional specific plan overlay allows for redevelopment has mixed-use residential
Parking
56 Spaces (6 Spaces per 1,000 SF Leased)
Amenities
- Signage
- High Ceilings
- Monument Signage
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,126,087 | |
| Land Assessment | $3,182,352 | Total Assessment | $4,308,439 |
Property Taxes
Parcel Numbers
Land Assessment
$3,182,352
Improvements Assessment
$1,126,087
Total Assessment
$4,308,439
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20-Yr Abs NNN Leased Kiddie Academy | 7501 Commonwealth Ave
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