Herndon Ave Fresno, CA 93650
- Day care centers
- 4,960 SF
- 0.81 lot acres
Current Use by Public Records
- Day care centers
Property Details for 0 Herndon Ave
- Lot size
- 0.81 lot acres
- Property size
- 4,960 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a turnkey, 4,960 square foot freestanding child care center in Fresno, CA. Boasting a 107-child license (77 daycare, 30 infant care), this established business enjoys a strong reputation within the community, requiring zero advertising. Located on a 0.81-acre lot fronting an arterial road, the property features two large gated playgrounds and a comprehensive video camera system. The current Net Operating Income (NOI) is $152,000, representing an 8.69% cap rate on the asking price of $1,749,998 ($352.82/sq ft). Financials are based on projected pro forma. The sale includes both the real estate and the thriving business, offering the potential for increased revenue and tuition. The property is designed for ease of operation, even as an absentee owner. This is a rare opportunity to acquire a profitable, well-established child care center with significant growth potential in a desirable location. The single-story building is well-maintained and ready for immediate operation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.806
- Latitude
- 36.8369
