17727 Mentmore Blvd - Specialty FOR SALE


Land O' Lakes, FL 34638
$4,070,000 USD
949-506-2009
17727 Mentmore Blvd, Land O' Lakes, FL for Sale
$4,070,000 USD
Specialty - FOR SALE
1/10
null | 6% Cap Rate

17727 Mentmore Blvd
Land O' Lakes, FL 34638


HIGHLIGHTS

  • Approximately 10 Years Remaining | 7.5% Increases Every 5 Years
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Hard Corner Intersection | Nearby State Road 54 (65,500 VPD)
  • Major Residential Growth | Surrounded by Master-Planned Communities
  • Strong Retail Corridor | Surrounded by National Tenants
  • Growing 5-Mile Trade Area | Strong Population & Employment Base

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Children’s Courtyard investment property located in Land O’ Lakes, Florida. The tenant, Children’s Courtyard, Inc has under 10 years remaining on their lease, with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor. The Children’s Courtyard is located at the hard-corner intersection of Mentmore Boulevard and Ballantrae Boulevard with a combined (28,475 VPD), Nearby State Road 54 (65,500 VPD), the major retail thoroughfare serving southern Pasco County and the city of Land O’ Lakes. The site is positioned within the Ballantrae master-planned community (969 homes) and is surrounded by a dense retail corridor anchored by national/credit tenants including Publix, Target, Walmart Supercenter, Lowe’s, and Amazon, along with Chick-fil-A, Starbucks, Outback Steakhouse, Aldi, and Bojangles’ pads. The asset is adjacent to The Preserve Marketplace, a Publix-anchored center featuring CVS, Panera Bread, and Sport Clips, and sits near the Shoppes at Sunlake Centre, a second Publix-anchored center. In addition, the property is supported by an established and rapidly expanding residential base, including master-planned communities Bexley (entitled for ~10,000 homes), Concord Station, Oakstead, and Stonegate, plus 1,000+ newly delivered apartment units at Altis Grand Suncoast (449), The Addison at Sunlake (307), and Livano Sunlake (234), further increasing consumer traffic to the site. The subject property is in close proximity to AdventHealth and BayCare medical facilities, as well as four area schools — Charles S. Rushe Middle (1,365 students), Sunlake High (2,200 students), and Rasmussen University (3,121 students). The 5-mile trade area is supported by a population of over 89,000 with an average household income of approximately $159,000.

FOR SALE DETAILS

PRICE

$4,070,000 USD

PRICE/SF

$319 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corp Learning Care Group | 10-Yr | 28k+ VPD

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

Commercial

APN/PARCEL ID

20-26-18-0050-00000-00Z0

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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