Florida City Educational Campus
Absolute NNN Private School Investment | Title I-Eligible | 5.3% Cap on Existing NOI
Marketing description
713 W Palm Drive presents a rare opportunity to acquire a fully occupied, absolute NNN single tenant educational facility positioned at the center of one of South Florida's fastest growing corridors. Florida City and the surrounding South Miami-Dade market are experiencing rapid residential and commercial expansion driven by population migration, infrastructure investment, and the continued buildout of the Homestead and Florida City growth corridor, creating sustained demand for quality educational facilities serving the area's growing families.
The 30,421 SF, three-story reinforced concrete building sits on 1.47 acres (Parcel 1) with an adjacent 1.47-acre expansion parcel (Parcel 2) available as part of the offering. Combined site area is 2.94 acres. The facility was purpose-built for educational use and features hurricane impact glass, steel joist framing, and a concrete tile roof.
The property is 100% leased to Advanced Achievers Academy, a Title I-eligible private school operating under a funding model where government scholarships and federal services follow the student directly to the operator. Revenue is supported by multiple government scholarship programs including Step Up For Students, FES-EO, FES-UA, the Gardiner Scholarship, and the McKay Scholarship. Rent coverage is 7.7x to 8.1x.
The tenant operates under an absolute NNN lease expiring July 2030 with one 15-year renewal option through 2045 at market rate. Annual rent is $570,046.60 ($18.74/SF) with 3% annual escalations. All operating expenses are the responsibility of the tenant. The lease is personally guaranteed by the principals of Advanced Achievers Academy. With current rent representing a significant discount to market comparables of $28 to $35/SF for educational and institutional uses in South Miami-Dade, the market rate renewal structure positions the next owner to capture meaningful upside at lease renewal or re-tenanting.
Engineered and permitted plans exist for a mirrored 30,421 SF Phase II facility on Parcel 2, positioning the combined campus to exceed 60,000 SF with 112 parking spaces upon completion. The two parcels may be purchased separately, offering investors the flexibility to acquire the stabilized NNN asset independently or capitalize on the full development opportunity by acquiring both parcels.
Cap rates referenced in this offering reflect pricing for Parcel 1, the occupied school building, exclusive of the adjacent expansion parcel, which is available separately and represents additional value not reflected in the income-based valuation.
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All reasonable terms and offers considered. Brokers Protected.
Investment highlights
Absolute NNN Lease Structure. The tenant is responsible for all operating expenses including taxes, insurance, and maintenance, delivering a truly passive income stream with zero landlord obligations.
Title I-Eligible Private School Tenant. Advanced Achievers Academy operates under a government-backed funding model where state and federal scholarships revenue flows directly to the operator, providing a highly resilient and diversified revenue base that is not dependent on a single funding source.
Strong Rent Coverage. Documented rent coverage of 7.7x to 8.1x demonstrates significant operating cushion above the lease obligation, underscoring the financial strength and stability of the tenancy.
Mark-to-Market Upside. Current rent of $18.74/SF represents a substantial discount to South Miami-Dade market comparables of $28 to $35/SF for educational and institutional uses. The tenant's 15-year renewal option is structured at market rate, meaning renewal itself drives a significant increase in income. Should the tenant not renew, the property's purpose-built infrastructure, Title I eligibility, and location within a high-growth underserved market create a compelling re-tenanting profile, supported by strong demand from incoming school operators and limited supply of institutional-quality educational facilities in South Miami-Dade.
Personal Guarantee. The lease is personally guaranteed by the principals of Advanced Achievers Academy, providing an additional layer of credit support beyond the operating entity.
Phase II Expansion Opportunity. Engineered and permitted plans exist for a mirrored 30,421 SF facility on the adjacent expansion parcel, creating a path to a 60,000+ SF campus with 112 parking spaces. Parcels may be purchased separately or together.
South Miami-Dade Growth Corridor. The property is located within one of South Florida's fastest growing markets, driven by population migration, infrastructure investment, and sustained residential and commercial expansion in the Homestead and Florida City corridor.
Institutional Quality Construction. The purpose-built facility features reinforced concrete construction, hurricane impact glass, steel joist framing, and a concrete tile roof, built to withstand South Florida's demanding environmental conditions.
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