loader
Join Free
Views: 108 DOM: 173 Updated: 09.12.24 Posted: 03.27.24 Status: Active

Summary

Price $1,986,206
Built/Renov 1997
Tenant Kid City USA
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,692
Lease Start 09-01-2023
#Units 100
Price/SF $423.32
Expiration 09-30-2038
Tenant Type Daycare/Education
NOI $144,000
R. Term 14.0
Ownership Fee Simple
Rent/SF $30.69
Increases 10.0%/4/yrs
Pop 5Mi 46,143
Lot/AC 0.52
Options 2/5yrs/10%
AHHI 5Mi $84,827

Lease Highlights

  • Kid City USA has 13+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Kid City USA is strategically located on Thomas Drive, with access to 32,864 vehicles passing by daily. The property is in proximity to 19 elementary schools within a 10-mile radius. Additionally, key establishments in the area include The St. Joe Company, Key International, Inc., Hilton, and Embassy Suites by Hilton. The 5-mile trade area is supported by a population of 46,143 residents with...

...

Maps

  • 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,740 23,868 44,813
2023 Total Population : 6,719 24,182 44,979
2023 Employed Civilian Pop : 3,997 13,364 24,477
2023 Total Businesses : 323 1,611 2,826
2023 Average Household Income : $ 88,795 $ 96,379 $ 89,191
2023 Total Consumer Spending : $ 214 M $ 921 M $ 1523 M
2023 Median Age : 43 43 41
2023 Total Households : 2,783 11,010 19,668
2023 Pop Age 25+: Bachelor's Degree : 1,510 4,819 7,712
2023 Average Home Value : $ 351,159 $ 407,754 $ 370,370
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Thomas Drive Gwyn Dr 2022 30,000 0.37 mi
North Lagoon Drive E Ohenry Dr 2022 4,700 0.48 mi
Thomas Dr Pine Dr 2005 20,400 0.82 mi
Magnolia Beach Rd Thomas Dr 2005 9,600 0.91 mi
Thomas Dr Sunset Dr 2005 17,000 0.92 mi
Thomas Drive McElvey Rd 2022 34,500 0.96 mi
Thomas Drive Danial St 2022 18,900 1.18 mi
CR 392 Quarts St 2022 9,900 1.19 mi
Thomas Drive Quarts St 2021 10,200 1.19 mi
Thomas Dr W Hwy 98 2005 21,000 1.27 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity