3245 Executive Dr - Day Care Center FOR SALE


Clearwater, FL 33762- Feather Sound
$3,850,000 USD
305-783-8890
3245 Executive Dr, Clearwater, FL for Sale
$3,850,000 USD
Day Care Center - FOR SALE
1/18
null | 6.62% Cap Rate

3245 Executive Dr
Clearwater, FL 33762
Feather Sound


OVERVIEW

Current Real Estate Advisors is pleased to present the opportunity to acquire Harbor View Creative Learning Center (the “Property”), a ±6,300 SF freestanding building located on a 26,763 SF (0.61 Acre) parcel in Clearwater, FL. The site is leased to an early childhood academic operator – Once Upon a Childcare – on an Absolute NNN Lease with 8+ years remaining. The Lease calls for annual increases of 3% as well as 2, 5-Year options. The property was constructed as a build-to-suit to serve as a childcare facility. It was then extensively renovated in 2022, when Once Upon a Childcare took the space, to specifically serve the needs of the operator as they continue their expansion throughout Florida. Located across the street from Raymond James’ Global HQ & Foot Locker’s new US HQ, the Property is strategically located within a dense residential and professional community in the Tampa-St. Petersburg-Clearwater MSA – one of the fastest growing MSAs in the country. Its centralized location is ideal for an early childhood care operation. The MSA is ranked #5 for Best Place for Young Families in Florida. Further, Clearwater has experienced an average of 11.3% population growth over the past 5 years. Harbor View Creative Learning Center is a perfect fit for an investor looking for a steady, stable income stream with no Landlord responsibilities and solid underlying real estate fundamentals. Desirable Location Dynamics - Located right off I-275, blocks from the St. Pete- Clearwater International Airport, at the intersection of Ulmerton Road (58,000+ VPD) and Roosevelt Blvd N (51,500+ VPD), providing seamless connection to downtown Clearwater, Tampa and St. Petersburg True Passive Income - Long-term Absolute NNN Lease (No Landlord Responsibilities) with a proven operator, who is based in the immediate area and operates this as their flagship location (including Personal Guaranty) Established Submarket - Immediately surrounded by a thriving residential community, professional office hub for major corporations, and a prospering retail corridor with national and regional businesses Strong Operational Metrics - This location is in high demand, operating at full enrollment with a waitlist for entry, providing proof of concept and strong demand within the area

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$611 USD /SF

CAP RATE

6.62%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbor View Learning Ctr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

CCS-1

APN/PARCEL ID

02-30-16-00000-330-0200

ASK ABOUT THIS PROPERTY

Alejandro SnyderCurrent Real Estate AdvisorsMore Info
305-783-8890

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Alejandro SnyderCurrent Real Estate AdvisorsMore Info
305-783-8890

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