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Kid City USA

710 Carpenter Avenue, Leesburg, FL 34748

$1,116,717

Cap Rate 6.50%

Views: 57 DOM: 74 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 11.9
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

Connor Brady
Sands Investment Group
Contact

Andrew Ackerman
Sands Investment Group
Contact

Elan Sieder
Sands Investment Group
Contact

Seth Krepistman
Sands Investment Group
Contact

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

    • ...

Links

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

Documents

Download OM

Maps

  • 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

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