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Views: 68 DOM: 87 Updated: 09.12.24 Posted: 06.21.24 Status: Active

Summary

Price $2,068,966
Built/Renov 1994/2009
Tenant Kid City USA
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,435
Lease Start 06-21-2024
#Units 100
Price/SF $321.52
Expiration 06-30-2039
Tenant Type Daycare/Education
NOI $150,000
R. Term 14.9
Ownership Fee Simple
Rent/SF $23.31
Increases 10.0%/5/yrs
Pop 5Mi 158,167
Lot/AC 0.98
Options 4/5yrs/10%
AHHI 5Mi $81,686

Lease Highlights

  • Brand-new 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Kid City USA Enterprises, Inc

Location Description

Kid City USA is strategically located on Scott Avenue, with access to 42,000 vehicles passing by daily. The property is conveniently situated near US Highway 41, a major north-south highway, and directly opposite Sarasota International Airport. Moreover, it is just a one-hour drive south of Tampa International Airport. The 5-mile trade area is supported by a population of 158,167 residents...

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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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Listing Broker

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