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Views: 12 DOM: 27 Updated: 04.20.24 Posted: 04.20.24 Status: Active

Summary

Price $1,500,000
Built/Renov 1989
Tenant La Petite Academy
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 6,771
Lease Start 11-30-1989
#Units 450
Price/SF $221.53
Expiration 06-30-2027
Tenant Type Daycare/Education
NOI $93,712
R. Term 3.1
Ownership Fee Simple
Rent/SF $13.84
Increases 2.0%/1/yrs
Pop 5Mi 262,258
Lot/AC 1.80
Options 2/5yrs/2%
AHHI 5Mi $83,801

Lease Highlights

  • La Petite Academy has been operating in this location for 35 years
  • The tenant has 3 years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsobilities
  • Corporate guaranteed lease

Location Description

La Petite Academy is strategically located at Pembroke Drive and Forest City Road, with access to a combined daily traffic count of 34,600 vehicles. Adjacent to the Maitland Center Office Park and Genesis Sportsplex, the property enjoys a prime location. The surrounding area boasts well-known national tenants, including Publix, Jersey Mike's, Tropical Smoothie Cafe, and more. Furthermore, it...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: La Petite Academy
  • Guarantor:Corp Rated
  • Company:Learning Care Group
  • # Units:450
  • Tenant S&P: B
  • Moody’s: B3
  • Stock:Private

About Tenant

La Petite Academy, Inc. is one of the nation’s largest educational daycare companies, offering programs that range from infant care to school-age clubs. Founded in 1968, today they operate more...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 15,279 102,117 262,578
2023 Total Population : 15,419 100,312 261,592
2023 Employed Civilian Pop : 9,658 58,302 144,920
2023 Total Businesses : 613 5,920 17,042
2023 Average Household Income : $ 80,457 $ 82,955 $ 95,084
2023 Total Consumer Spending : $ 495 M $ 3051 M $ 8769 M
2023 Median Age : 35 37 39
2023 Total Households : 6,980 42,115 106,283
2023 Pop Age 25+: Bachelor's Degree : 2,812 17,216 46,008
2023 Average Home Value : $ 346,217 $ 374,902 $ 421,523
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Forest City Road Falkner Rd 2022 29,000 0.20 mi
Forest City Rd Calloway Dr 2012 21,500 0.26 mi
Pembrook Drive Monahan Rd 2022 5,600 0.41 mi
Forest City Rd Winfield St 2009 24,573 0.50 mi
Forest City Rd Riverside PkRd 2009 24,573 0.53 mi
Maitland Summit Blvd Grand Brook Cir 2010 2,150 0.56 mi
W Pine St 2022 4,500 0.58 mi
Lotus Landing Blvd 2022 4,700 0.60 mi
W Pine St 2022 8,500 0.60 mi
Riverside Park Road Compass Ct 2022 5,700 0.63 mi

Listing Broker

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