Current Use by Public Records
- The Learning Experience - Elk Grove / Daycare Center
Property Details for 8330 Elk Grove Florin Rd
- Year built
- 2022
- Lot size
- 0.99 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 9,900 square foot, single-tenant, NNN-leased daycare center in Sacramento, CA. The property, built in 2022, sits on a 0.99-acre lot at 8330 Elk Grove Florin Rd, 95829 and is 100% occupied by The Learning Experience, a rapidly expanding national franchise with over 450 centers. The current lease commenced November 19, 2023, and extends to November 30, 2040, with two five-year renewal options, each including a 6% rent increase. The lease includes a substantial $1 million corporate guaranty. The property boasts a strong Net Operating Income (NOI) of $432,067, yielding a 6.50% cap rate. Located in a high-growth, affluent Sacramento suburb with average household incomes exceeding $110,000 within a one-mile radius, this center benefits from high visibility at a busy intersection (67,000 cars per day). The property's location is easily accessible from two signalized intersections. The asking price is $6,650,000. This is a rare opportunity to acquire a newly constructed, high-performing childcare center with a long-term lease and significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers. The APN is 115-2040-001-0000. Rent increases of 6% are scheduled for year 6 and year 11.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.373
- Latitude
- 38.4548
