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The Goddard School of Lake Ridge 12405 Cape Cod Ct

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

Investment Highlights

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

Executive Summary

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 2013, 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 Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
8,170 SF
Building Class
B
Year Built
2012
Price
$3,950,000
Price Per SF
$483
Cap Rate
6.73%
NOI
$266,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Land Acres
0.67 AC
Zoning
B1 - Prince William County Zoning - General Business

Amenities

  • Fenced Lot
  • Signage
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Educational Services
  • 8,170 SF
  • $32.56
  • Triple Net
  • Jan 2028

The Goddard School® is a private preschool and early childhood education center with locations across the United States. Their preschool's approach to learning is centered around play-based activities and hands-on experiences, which help children develop a love for learning while building important skills in areas like literacy, math, and social-emotional development. In addition to providing a nurturing and supportive environment for children, The Goddard School also places a strong emphasis on communication and collaboration with parents to support their child's growth and development both inside and outside the classroom. Find the nearest private preschool near you by using their School Locator tool.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Educational Services 8,170 SF $32.56 Triple Net Jan 2028
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Goldfish Swim School
Truist
Starbucks
Jazzercise
Giant Food
Food Lion
Gold's Gym
Navy Federal Credit Union
Storage Direct Woodbridge
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8293-14-1183
Land Assessment
$535,200
Improvements Assessment
$2,123,600
Total Assessment
$2,658,800
  • Listing ID: 31584075

  • Date on Market: 4/23/2024

  • Last Updated:

  • Address: 12405 Cape Cod Ct, Lake Ridge, VA 22192

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