8330 Elk Grove Florin RdSacramento, CA 95829

Property Details for 8330 Elk Grove Florin Rd

Year built

2022

Lot size

0.99 AC

Property size (Sq ft)

9,900 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

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.

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.4548

Longitude

-121.373

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