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Views: 78 Updated: 04.05.24 Posted: 06.16.23 Status: Inactive 03.27.24

Summary

Price $1,926,531
Built/Renov 1990
Tenant Kid City USA
Cap Rate 7.35%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 7,291
Lease Start 05-21-2023
#Units 100
Price/SF $264.23
Expiration 05-11-2038
Tenant Type Daycare/Education
NOI $141,600
R. Term 13.5
Ownership Fee Simple
Rent/SF $19.42
Increases 10.0%/5/yrs
Pop 5Mi 9,738
Lot/AC 1.21
Options 3/5yrs/10%
AHHI 5Mi $51,770

Lease Highlights

  • Brand-new 15-year lease with 3 (5-year) options to extend
  • Lease features 10% rental increases every 5 years
  • Absolute NNN lease with zero landlord responsibilities
  • Personal & corporate guarantee

Location Description

Kid City USA is strategically located along Russell Road with access to approximately 4,993 vehicles passing by daily. The subject property is a 10-minute drive from a new 1200-acre mixed-used development that will serve as a commerce and employment center, residential hub, convention center, learning center and museum. Additionally, the site is 0.6-miles from Marianna’s K-8 School which is a...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 235 3,894 10,731
2023 Total Population : 233 3,886 10,812
2023 Employed Civilian Pop : 32 1,183 3,870
2023 Total Businesses : 24 95 692
2023 Average Household Income : $ 65,328 $ 98,253 $ 75,424
2023 Total Consumer Spending : $ 0 M $ 85 M $ 244 M
2023 Median Age : 37 42 44
2023 Total Households : 2 1,012 3,711
2023 Pop Age 25+: Bachelor's Degree : 12 375 940
2023 Average Home Value : $ 0 $ 249,149 $ 203,124
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Caverns Rd Hwy 71 2005 4,100 0.58 mi
Hwy 71 Caverns Rd 2005 5,700 0.65 mi
Caverns Road Old U S Rd 2021 4,900 1.18 mi
FL 71 Mount Tabor Rd 2021 5,900 1.50 mi
FL 71 Odom Dr 2021 6,500 1.73 mi
Blue Springs Road Metal Dr 2021 4,000 2.17 mi
Old U S Road 2005 1,900 2.18 mi
Old U S Road Markecha Ln 2021 1,200 2.58 mi
Hickory Nut Drive Deer Run 2021 180 2.67 mi
Blue Springs Hwy Chapel Ln 2005 3,400 2.81 mi

Listing Broker

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