The Goddard School of Lake Ridge

8,170 SF | Retail Building | Lake Ridge, VA 22192 | $3,950,000 ($483/SF) | 6.73% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $3,950,000

Property Type
Retail
Square Feet
8,170 SF
Price / Square Foot
$483

Listing Contacts

Joe Serafin
Joe Serafin
Verified Profile
Grant Wetmore
Grant Wetmore
Verified Profile
Sean Kline
Sean Kline
Verified Profile
  • Property Info

Property Overview

This investment opportunity features a well-established NNN (Triple Net Lease) property occupied by The Goddard School, a nationally recognized early childhood education provider, in Woodbridge, Virginia. Operating since 2012, The Goddard School shows a strong commitment to the community with a proven business model. The property benefits from a hands-off lease where the tenant handles all maintenance, taxes, and insurance. It features a 3% annual rent escalation, ensuring protection against inflation and a steadily growing income. Additionally, its strategic location near Washington D.C. and the expanding population of Prince William County boosts its appeal.

Property Details

Class
B
Year Built
2012
Stories
1
Property Subtype
Day Care Facility/Nursery
Lot Size (sq. ft)
29,185 SF

Highlights

  • Absolute NNN Lease - No Landlord responsibilities
  • 3% Annual Increases
  • 2 x 5 Year Renewal Options

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