5418 County Road 23B - Office FOR SALE


Macclenny, FL 32063
$1,245,000 USD
732-837-2999
5418 County Road 23B, Macclenny, FL for Sale
$1,245,000 USD
Office - FOR SALE
1/11
null | 5.75% Cap Rate

5418 County Road 23B
Macclenny, FL 32063


HIGHLIGHTS

  • ABS NNN - Zero LL responsibilities
  • Original 15 year lease with 12+/- years remaining
  • 10% rent escalations every 5 years
  • 2 - 5 year renewal options
  • Corporate & Personal Guarantee
  • Kid Cty USA Enterprises was founded in 2000, 25 years and 140 locations

OVERVIEW

Bite sized Absolute NNN, Perfect for Tax Free 1031 Exchange , all cash buyer., with 10% rent escalations every 5 years as hedge. U.S. Child Care Market Size & Trends: The U.S. child care market size was estimated at USD 61.70 billion in 2023 and is expected to grow at a CAGR of 5.86% from 2024 to 2030. The market growth is driven by the increased demand due to more parents returning to offices, advancements in learning technologies, and government funding, specifically for single and working mothers. The demand for early care and education in states such as Massachusetts is increasing due to the growth in skilled service areas, such as business & health, indicating the need for quality and accessible child care & early education. Therefore, ensuring that skilled workers with young children can continue participating in the labor force is important. It also facilitates parents to pursue higher education degrees and specialized training, which is essential to maintain a competitive employment market. Grand View Research.

FOR SALE DETAILS

PRICE

$1,245,000 USD

PRICE/SF

$346 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

C2

APN/PARCEL ID

29-2S-22-0000-0000-0026

ASK ABOUT THIS PROPERTY

Bill HowardBennett Realty & DevelopmentMore Info
732-837-2999

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Bill HowardBennett Realty & DevelopmentMore Info
732-837-2999

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