Goddard School/Murietta, CA

Property Summary

We are pleased to present this 8,125 square foot net leased childcare facility located in rapidly growing Murrietta, California. Murrietta is a developing suburb north of San Diego, and the immediate area surrounding the subject has experienced tremendous growth in the past seven years, evidenced by a near doubling of the current population from 44,282 in 2000 to a current population estimated to be 97,257 residents. The building is a newer construction built in 2007, configured for childcare and learning with a backyard playground area. The Goddard School is currently operating on a fifteen year lease agreement that is a ground lease. The lease will expire in April of 2022, and has above average rent increases of 3 percent per year. The lease allows for one five year option in which rent increases will increase to 5 percent per annum.

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