2046 Avenue J Lancaster, CA 93536

Property Details for 2046 Avenue J

Lot size

1.33 lot acres

Property size

14,111 SF

Property type

Day care centers

Property subtype

Lifestyle centers

Description

This 14,111 square foot, single-tenant daycare center in Lancaster, CA, is situated on a 1.33-acre lot within a thriving shopping center. The property boasts 100% occupancy and a strong, proven operator with a personal lease guarantee. Anchored by a new Smart & Final (opened October 2023), CVS, DD's Discounts, AT&T, Western Dental, and Supercuts, the center enjoys exceptional co-tenancy and high foot traffic, exceeding 1.5 million annual visitors with significant year-over-year growth (33.5%, 38.7%, and 45.1% YoY, Yo2Y, and Yo3Y respectively). Key tenants consistently rank among the busiest in their respective trade areas, nationally. The center benefits from an ideal location at a signalized intersection with over 58,800 vehicles daily, and convenient freeway access. Strong demographics, with over 167,000 people within a 5-mile radius and an average household income exceeding $82,000, further enhance the property's value. The stabilized investment offers a 6.71% cap rate, a NNN lease structure, and built-in annual rental increases of 3%, providing inflation protection and consistent cash flow growth. This presents an excellent opportunity for a passive investor, particularly suitable for a 1031 exchange. The property's location at a convenient freeway on/off ramp makes it ideal for parents dropping off and picking up children, further enhanced by its proximity to grocery and pharmacy anchors.

Location Insight

City

Lancaster

County

Los Angeles

State

California

Longitude

-118.167

Latitude

34.6882