Kid City USA

10274 North Sherman Avenue, Glen Saint Mary, FL 32040

$1,143,000

Cap Rate 7.45%

$1,217,143

Cap Rate 7.00%

Views: 136 DOM: 305 Updated: 09.12.24 Posted: 08.24.23 Status: Sold 06.25.24

Summary

Price $1,143,000 $1,217,143	Built/Renov 1987/2000	Tenant Kid City USA
Cap Rate 7.45% 7.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,731	Lease Start 07-03-2023	#Units 100
Price/SF $306.35 $326.22	Expiration 07-03-2038	Tenant Type Daycare/Education
NOI $85,200	R. Term 13.5	Ownership Fee Simple
Rent/SF $21.87	Increases 2.0%/1/yrs	Pop 5Mi 18,944
Lot/AC 0.57	Options 2/5yrs/2%	AHHI 5Mi $86,653

Lease Highlights

Kid City USA has 13+ years remaining with 2 (5-year) options to extend
Lease features a 2% annual rental increase throughout the initial term and in each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee by Kid City USA Enterprises, Inc

Location Description

This 3,731 square foot Kid City USA is strategically located along North Sherman Avenue, just off of US Hwy 90 which sees over 11,800 vehicles per day. The site benefits from its close proximity to multiple elementary schools including Westside Elementary, Macclenny Elementary, J Franklin Keller Elementary and more providing a direct consumer base for the site to draw from. National/credit...

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Key Features

Near major nationals
Strategically located
Highway close
Top 100 MSA
Affluent suburb location
Income tax free state
Brand new lease
Absolute NNN
Annual rent increases
Corporate Guarantee

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Links

Kid City USA Wikipedia Glen St. Mary, Florida Zip Code 32040 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Kid City USA
Guarantor:Corporate
Company:Kid City USA Enterprises, Inc
# Units:100
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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,854	13,199	19,982
2023 Total Population :	1,710	13,033	19,569
2023 Employed Civilian Pop :	666	5,740	8,876
2023 Total Businesses :	56	560	633
2023 Average Household Income :	$ 81,923	$ 87,920	$ 90,711
2023 Total Consumer Spending :	$ 45 M	$ 346 M	$ 522 M
2023 Median Age :	38	37	38
2023 Total Households :	636	4,495	6,585
2023 Pop Age 25+: Bachelor's Degree :	97	1,250	1,772
2023 Average Home Value :	$ 218,624	$ 248,068	$ 264,567

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Mt Vernon St	Glenn Ave	2009	9,200	0.17 mi
Mt Vernon St	Clinton Ave	2005	5,600	0.22 mi
East Mount Vernon Street	Hilliard Ave	2021	10,900	0.25 mi
US Hwy 90	St Marys Dr	2018	11,300	1.00 mi
US 90	St Marys Dr	2021	12,100	1.02 mi
CR-125	Co Rd 125	2021	2,200	1.17 mi
I-10 WB	Nursery Blvd	2021	800	1.18 mi
I-10	I- 10	2021	2,100	1.25 mi
CR-125	Co Rd 125	2021	250	1.25 mi
US Hwy 90	Owen Ave	2019	11,100	1.35 mi

Listing Broker

Seth Krepistman

Sands Investment Group

Contact

20 Listings
1862 Views
3 Sold

Andrew Ackerman

Sands Investment Group

Contact

60 Listings
8743 Views
28 Sold

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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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

Contact

19 Listings
1883 Views
3 Sold

Max Freedman

Sands Investment Group

Contact

60 Listings
5836 Views
8 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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Max Freedman

Max Freedman is a recognized industry leader focused on the Restaurant/C-Store real estate, heads the Austin office and the SIG Restaurant Group. Max is a founding partner and opened the first SIG office in Santa Monica, CA in 2009, with Chris Sands. He has excelled in building the company’s team culture and strategies you see today. Max has a strong team mentality and has had an integral part in recruiting several agents to Sands Investment Group. SIG’s restaurant group consists of nine agen

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Kid City USA

10274 North Sherman Avenue, Glen Saint Mary, FL 32040

$1,143,000

Cap Rate 7.45%