1013 Sr-7 - Day Care Center FOR SALE


West Palm Beach, FL 33411- Outer Royal Palm Beach/Wellington
$4,633,300 USD
818-907-9525
1013 Sr-7, West Palm Beach, FL for Sale
$4,633,300 USD
Day Care Center - FOR SALE
1/11
null | 6.75% Cap Rate


HIGHLIGHTS

  • LONG TERM PASSIVE NNN OPPORTUNITY: New 20-year extension with zero landlord responsibilities
  • RENTAL ESCALATIONS: Annual scheduled increases of 2.5%
  • STRONG STABLE EARLY EDUCATION TENANCY: O2B Kids is a proven and expanding industry leader in early education, with 83 locations nationwide
  • RECESSION-RESISTANT INDUSTRY: Steady enrollment through economic cycles, with a growing demand from rising number of dual-income households
  • ACCREDITED LOCATION: The center holds APPLE accreditation and is recognized by national bodies such as NAC and NECPA
  • PRIME ROYAL PALM BEACH LOCATION: Strategically situated on US-441, with extremely high average household incomes (over $134,000 in a 1-mile radius)

OVERVIEW

This offering presents a qualified buyer with the chance to acquire a long-term, passive NNN investment opportunity in an income tax-free state. O2B just signed a brand new 20-Yr Absolute NNN lease, and features built-in annual rental escalations, ensuring consistent income growth. The tenant, O2B Kids, is a fast growing, industry leading early education provider with 83 locations nationwide. The center is fully accredited, holding APPLE, NAC, and NECPA recognitions, further underscoring its quality and credibility. Strategically located in Royal Palm Beach, right off US-441, the property serves its affluent surrounding neighborhoods with average household incomes exceeding $134,000 within one mile from the subject site.

FOR SALE DETAILS

PRICE

$4,633,300 USD

PRICE/SF

$524 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O2B Kids! | Royal Palm Beach | 20 YR ABS NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,319 SF

ZONING

CG

APN/PARCEL ID

72-41-43-25-22-000-0020

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.