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Views: 85 DOM: 70 Updated: 09.12.24 Posted: 06.21.24 Status: Sold 08.30.24

Summary

Price $1,900,000 $2,068,966
Built/Renov 1994/2009
Tenant Kid City USA
Cap Rate 7.89% 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,435
Lease Start 06-21-2024
#Units 100
Price/SF $295.26 $321.52
Expiration 06-30-2039
Tenant Type Daycare/Education
NOI $150,000
R. Term 14.5
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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,483 50,390 165,232
2024 Total Population : 2,502 49,456 158,009
2024 Employed Civilian Pop : 1,271 19,866 65,029
2024 Total Businesses : 342 2,921 9,347
2024 Average Household Income : $ 106,905 $ 80,964 $ 89,753
2024 Total Consumer Spending : $ 101 M $ 1519 M $ 5597 M
2024 Median Age : 50 45 49
2024 Total Households : 1,095 21,156 70,401
2024 Pop Age 25+: Bachelor's Degree : 321 5,909 21,901
2024 Average Home Value : $ 473,539 $ 330,378 $ 460,532
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Tamiami Trail Hernando Ave 2022 38,500 0.34 mi
Tallevast Road Ponce de Leon Ave 2022 8,900 0.38 mi
Tallevast Rd Pennsylvania Ave 2019 10,600 0.72 mi
Tallevast Road Pennsylvania Ave 2022 9,800 0.78 mi
Pennsylvania Avenue Ponderosa Pine L 2022 3,200 0.96 mi
Tamiami Trl Poincianna Dr 2005 40,500 1.07 mi
Tallevast Rd Clyde Jones Rd 2018 10,500 1.10 mi
Whitfield Avenue Waverly St 2022 4,200 1.13 mi
Tamiami Trail Main St 2022 43,000 1.18 mi
Tamiami Trail General Spaatz B 2019 38,500 1.29 mi

Listing Broker

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