2046 Avenue J Lancaster, CA 93536
- Day care centers
- 14,111 SF
- 1.33 lot acres
Current Use by Public Records
- A Place of Our Own Childcare Center / Child Care Agency
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Los Angeles
- State
- California
- Longitude
- -118.167
- Latitude
- 34.6882
