Kid City USA

710 Carpenter Avenue, Leesburg, FL 34748

$1,116,717

Cap Rate 6.50%

DOM: 211 Updated: 11.11.24 Posted: 10.09.24 Status: Active

Summary

Price $1,116,717	Built/Renov 1973	Tenant Kid City USA
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,306	Lease Start 10-05-2021	#Units 130
Price/SF $337.78	Expiration 09-30-2036	Tenant Type Daycare/Education
NOI $72,586	R. Term 11.4	Ownership Fee Simple
Rent/SF $21.96	Increases 2.0%/1/yrs	Pop 5Mi 58,043
Lot/AC 0.30	Options 2/5yrs/2%	AHHI 5Mi $74,252

Lease Highlights

Kid City USA has 11+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 2% annual rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities 
Corporate and personal guarantee

Location Description

Kid City USA is strategically located on Carpenter Avenue, with access to 44,360 vehicles passing by daily. The property is less than a 15-minute drive from Leesburg International Airport and about 1 hour from Orlando International Airport. There are six elementary feeder schools within a 5-mile radius. The immediate area features notable national tenants, including Walgreens, Circle K,...

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Key Features

Near major nationals
Strategically located
Highway close
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Annual rent increases
Corporate Guarantee
Over 100 Units backed

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Links

Kid City USA Wikipedia Leesburg, Florida Zip Code 34748 Broker Site Page

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Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Kid City USA
Guarantor:Corporate
Company:Kid City USA Enterprises, Inc
# Units:130
Stock:Private

About Tenant

Kid City USA Enterprises, Inc. is a franchise childcare brand that offers preschool, daycare, and extended before & after school programs. Kid City USA is committed to exceptional childcare and...

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Listing Broker

Connor Brady

Sands Investment Group

Contact

8 Listings
1378 Views
2 Sold

Andrew Ackerman

Sands Investment Group

Contact

61 Listings
12034 Views
30 Sold

Connor Brady

Investment Sales Advisor for Sands Investment Group specializing in the acquisition, disposition, and financing of net lease early education properties nationwide.

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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Elan Sieder

Sands Investment Group

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19 Listings
3516 Views
6 Sold

Seth Krepistman

Sands Investment Group

Contact

20 Listings
3597 Views
6 Sold

Elan Sieder

With over a decade of experience, Elan has handled over 650 real estate transactions. He has worked closely with tenants, family offices and developers as a strategic partner to help facilitate their growth strategies. Elan has always loved connecting with people which has made him a trustworthy partner his clients can rely on. Through developing these meaningful relationships, Elan has had the privilege to invest alongside his clients. His clients and partners fuel his tenacity and motivati

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Seth Krepistman

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experience in net lease, shopping centers, retail, office, self storage and industrial transactions is unparalleled. Sa

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