45690 Highway 27 - Day Care Center FOR SALE


Davenport, FL 33897- North Polk
$5,591,000 USD
813-434-8278
45690 Highway 27, Davenport, FL for Sale
$5,591,000 USD
Day Care Center - FOR SALE
1/10
null | 6.85% Cap Rate

45690 Highway 27
Davenport, FL 33897
North Polk


HIGHLIGHTS

  • 19 Years Remaining | Options To Extend | Established Tenant | Scheduled Rental Increases
  • NN Leased | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
  • Part of Larger Retail Development | Fronting US Hwy 27 |Off I-4 (142,500 VPD)
  • Demographics In 5-mile Trade Area | Annual Population Growth

OVERVIEW

• The tenant has 19 years remaining on an original 20-year lease with 2 (5-year) options to extend • The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option to extend • The Learning Experience is the nation’s fastest-growing Academy of Early Education for children ages six weeks to six years old, with more than 600 centers open and a new location opening every week • Unlike most daycares, this daycare was strategically constructed with adaptive re-use potential and can host a wide range of tenancies if needed in the future

FOR SALE DETAILS

PRICE

$5,591,000 USD

PRICE/SF

$559 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience - Orlando MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C

APN/PARCEL ID

26-26-01-488301-000080

ASK ABOUT THIS PROPERTY

William WambleSRS Real Estate PartnersMore Info
813-434-8278

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William WambleSRS Real Estate PartnersMore Info
813-434-8278

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