For Sale
$8,224,000

7501 Commonwealth AveBuena Park, CA 90621

8,928 SF NNN-Leased Daycare, CA

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a newly constructed, 8,928-square-foot Kiddie Academy daycare center in Buena Park, California. Situated on a 0.77-acre lot at a high-traffic, signalized intersection, this property boasts exceptional visibility and convenient freeway access. The property features a brand-new 20-year absolute NNN lease with a highly successful franchisee, ensuring long-term stability and passive income. The lease includes 2% annual rent increases, minimizing risk and maximizing returns. The tenant is responsible for all operating expenses, including base rent, taxes, insurance, CAM charges, and building maintenance. Built in 1971 and extensively renovated in 2022, this daycare is fully occupied (100%) and generates a strong net operating income (NOI) of $440,000, representing a 5.35% cap rate. The lease offers four 5-year renewal options, providing further long-term security. This prime Orange County location benefits from a strong demographic profile, with over 642,286 residents within a 5-mile radius and an average household income exceeding $105,686. The asking price is $8,224,000. This is an ideal 1031 exchange opportunity for passive investors seeking a secure, high-performing asset in a desirable market. The property's location offers easy drop-off and pick-up for parents and children. This is a fully enrolled school with a waiting list, demonstrating strong demand and long-term tenant security.

Highlights

  • Brand new 20-year absolute NNN lease with 2% annual rent increases and four 5-year options.
  • Absolute NNN lease; tenant responsible for all expenses including base rent, taxes, insurance, CAM, and roof & structure.
  • Ideal 1031 exchange opportunity offering a passive investment with no landlord responsibilities.
  • High-performing Kiddie Academy franchisee in a prime Orange County location.
  • Excellent visibility at a high-traffic, signalized intersection with over 40,188 vehicles per day.
  • Convenient freeway access via I-5 on/off ramps.

Property Details for 7501 Commonwealth Ave

Property type
Day care centers & nurseries, Retail properties
Square Feet
8,928 SF
Year Built/Renovated
1971/2022
Lot Size (sq. ft)
33,541 SF

Location Insight

City
Buena Park
County
Orange
State
California
Latitude
33.870131107222
Longitude
-118.0026160361
7501 Commonwealth Ave, Buena Park, California

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7501 Commonwealth Ave
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