Kid City USA

7221 Patronis Drive, Panama City Beach, FL 32408

$1,986,206

Cap Rate 7.25%

Views: 121 Updated: 09.12.24 Posted: 03.27.24 Status: Inactive 10.08.24

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 13.10	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...

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Key Features

Build to suit
Near major nationals
Strategically located
Highway close
Affluent suburb location
Income tax free state
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Over 100 Units backed

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Links

Kid City USA Wikipedia Panama City, Florida Zip Code 32408 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 :	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

Seth Krepistman

Sands Investment Group

Contact

20 Listings
1567 Views
3 Sold

Andrew Ackerman

Sands Investment Group

Contact

60 Listings
8075 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
1570 Views
3 Sold

Max Freedman

Sands Investment Group

Contact

60 Listings
4564 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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