Overview

Description

Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest (land and building) in a single-tenant absolute NNN investment. Kiddie Academy, one of the largest educational childcare providers in the country, will sign a brand new 20-year lease at the close of escrow. The lease will feature annual increases and several options, providing the investor with security and a hedge against inflation with no day-to-day responsibilities whatsoever.

The Subject Property is strategically located in the affluent area of Santa Ana, CA near the signalized intersection of N. Grand Avenue and Interstate 5 (approximately 384,000 combined vehicles per day). The Property is ideally situated adjacent to the on/off ramp to Interstate 5, making it easy to drop off and pick up students each day. The property benefits from the many affluent residential neighborhoods nearby, which have more than 190,000 households with an average household income of over $100,000 in a 5-mile radius.

Highlights

• Long term Sale Leaseback: 20-year lease to be signed at close of escrow
• Brand New Construction: Pride of ownership
• Strong Intersection: Located at a signalized, hard corner intersection right next to the I-5 freeway
• High Density location: Nearly 700,000 people within a 5-mile radius
• Ease of Management: Absolute NNN lease - no landlord responsibilities

---