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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 ($483.48/SF) 6.93% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Lease
- 2 x 5 Year Renewal Options
- 3% Annual Increases
EXECUTIVE SUMMARY
Strategically positioned in Woodbridge, Virginia, this 8,170 SF freestanding Goddard School offers investors a secure, hands-off NNN lease with a nationally recognized early childhood education provider. Woodbridge, located in Prince William County, is a high-growth submarket within the Washington D.C. metro area, benefiting from strong demographics and increasing demand for essential services.
Key financial highlights include:
- Sale Price: $3,950,000
- NOI: $273,920
- Cap Rate: 6.93%
- Annual Rent Increases: 3%, ensuring income growth
- Lease Term: Absolute NNN, with tenant covering all expenses
- Renewal Options: Two 5-year extensions
The surrounding area boasts a robust median household income of $155,026 within a 3-mile radius, a steadily growing population, and a business-friendly environment. The property is in close proximity to major highways and commuter routes serving Washington D.C., making it an attractive long-term investment.
Key financial highlights include:
- Sale Price: $3,950,000
- NOI: $273,920
- Cap Rate: 6.93%
- Annual Rent Increases: 3%, ensuring income growth
- Lease Term: Absolute NNN, with tenant covering all expenses
- Renewal Options: Two 5-year extensions
The surrounding area boasts a robust median household income of $155,026 within a 3-mile radius, a steadily growing population, and a business-friendly environment. The property is in close proximity to major highways and commuter routes serving Washington D.C., making it an attractive long-term investment.
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
$483.48
Cap Rate
6.93%
NOI
$273,920
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
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 | |
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|
Educational Services | 8,170 SF | $32.56 | Triple Net | Jan 2028 |
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Old Bridge Rd | Hedges Run Dr, E | 31,453 | 2023 | 0.07 mi |
| Old Bridge Road | Hedges Run Dr, E | 31,872 | 2025 | 0.07 mi |
| Old Bridge Road | Cricket Ln, SW | 35,759 | 2025 | 0.09 mi |
| Commission Ct | Hedges Run Dr, E | 1,161 | 2025 | 0.10 mi |
| Commission Ct | Hedges Run Dr, W | 1,200 | 2025 | 0.14 mi |
| Hedges Run Dr | Commission Ct, W | 1,200 | 2025 | 0.15 mi |
| Hedges Run Dr | Cornice Pl, S | 1,100 | 2025 | 0.15 mi |
| Cornice Pl | Lolly Post Ln, SW | 1,299 | 2025 | 0.16 mi |
| Old Bridge Rd | Cricket Ln, SW | 35,826 | 2023 | 0.19 mi |
| Hedges Run Dr | Valleywood Dr, SE | 1,000 | 2025 | 0.21 mi |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8293-14-1183 | Improvements Assessment | $2,123,600 |
| Land Assessment | $535,200 | Total Assessment | $2,658,800 |
PROPERTY TAXES
Parcel Number
8293-14-1183
Land Assessment
$535,200
Improvements Assessment
$2,123,600
Total Assessment
$2,658,800
MAP
ADDITIONAL PHOTOS
A6 Front RT
A14 Front RT
A3 Front
A1 Front
A4 Front
A27 Elevated
A22 Elevated
A16 Elevated