Listed by Sands Investment Group Los Angeles, Sands Investment Group, Sands Investment Group Charleston
$4,968,889
The Children's Courtyard - Orlando, FL
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 15,437
Cap Rate 6.75%
NOI $335,400
Occupancy 100%
Tenancy Single
Brand/Tenant The Children's Courtyard
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2036
Remaining Term 10.4
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $322
Year Built 2001
Acreage 1.690
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/19/2021
Ground Lease No
FL The Children's Courtyard For Sale | 11.5 Year Term | 6.75% Cap
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 15,437 SF The Children's Courtyard located at 7666 Wallace Road in Orlando, FL. This deal is 100% leased to The Children's Courtyard on an Absolute Triple Net (NNN) Lease with zero landlord responsibilities and 10+ years of term remaining, providing for a secure investment.
Investment highlights
- This asset is 100% leased to The Children's Courtyard on an Absolute Triple Net (NNN) Lease with zero landlord responsibilities, with 10+ years of term remaining.
- Corporately backed by Learning Care Group, Inc., which is the 2nd largest for-profit childcare company in North America and a leader in early education, with a network of over 1,150 locations in the country, with a capacity for over 156,000 students and 11+ brands.
- 8+ feeder elementary schools within a 5-mile radius including Dr. Phillips Elementary School, Sand Lake Elementary School, Palm Lake Elementary School, Bay Meadows Elementary School, Holy Family Catholic School, Orlando Jewish Day School, Orlando Torah Academy, and Muslim Academy of Greater Orlando.
- Total consumer spending on education and daycare exceeds $144 million annually within a 5-mile radius of this location, and average household income exceeds $144,124 within a 1-mile radius of this location.
- Ideally located just off Wallace Rd, which sees over 13,090 VPD.
- The childcare and early education industry is projected to grow at an annual rate of 5% over the next 5 years due to the rising population of young children as well as the societal shift that has sent more parents into the workforce.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group, Sands Investment Group Charleston
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$335,400.00
$27,950.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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