10274 N Sherman Ave - Day Care Center FOR SALE


Glen Saint Mary, FL 32040
$1,158,720 USD
813-379-2964
10274 N Sherman Ave, Glen Saint Mary, FL for Sale
$1,158,720 USD
Day Care Center - FOR SALE
1/3
null | 7.5% Cap Rate

10274 N Sherman Ave
Glen Saint Mary, FL 32040


HIGHLIGHTS

  • Long-Term Absolute NNN Lease With Corporate Guarantee
  • Over 13 years remaining on original lease term with two 5-year renewal options, providing long-term stability and predictable cash flow.
  • Absolute NNN lease structure with zero landlord responsibilities.
  • Full corporate guarantee for entire lease term
  • Built-In Rent Growth
  • The lease features 2.00% annual rent escalations, delivering steady income growth and a strong hedge against inflation.

OVERVIEW

This offering presents a rare opportunity to acquire a long-term, absolute NNN leased property in Glen St. Mary, Florida, tenanted by Kid City USA, a nationally recognized childcare operator with over 140 locations nationwide. The property spans approximately 3,731 square feet on a 0.57-acre lot and was built in 1987 with renovations completed in 2000. The lease structure is absolute NNN, requiring zero landlord responsibilities, and is backed by a full corporate guarantee. With over 13 years remaining on the original term and two additional 5-year renewal options, investors benefit from stable, predictable cash flow. The lease includes 2% annual rent escalations, providing consistent income growth and a hedge against inflation. Strategically located just off U.S. Highway 90 and minutes from I-10, the property offers excellent connectivity to Jacksonville’s rapidly expanding metro area. The surrounding community features strong demographics, established neighborhoods, and proximity to multiple schools, creating consistent demand for childcare services. Florida’s income tax-free status further enhances net returns for investors. This is an ideal opportunity for investors seeking a secure, long-term asset with a strong national tenant in a growing market.

FOR SALE DETAILS

PRICE

$1,158,720 USD

PRICE/SF

$311 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kid City USA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

-

APN/PARCEL ID

36-2S-21-0051-0037-0100

ASK ABOUT THIS PROPERTY

Levi VeleanuMatthews Real Estate Investment ServicesMore Info
813-379-2964

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Levi VeleanuMatthews Real Estate Investment ServicesMore Info
813-379-2964

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