Listed by Marcus & Millichap - Encino
$4,633,300
O2B Kids! | New 20Yr Absolute NNN Lease | Royal Palm Beach
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, Storefront
Square Footage 8,840
Cap Rate 6.75%
NOI $312,748
Occupancy 100%
Tenancy Single
Brand/Tenant O2B Kids! Preschool and Early Education
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/31/2045
Remaining Term 19.5
Rent Bumps Yes
Lease Options 2x10
Price per SqFt $524
Broker Co-Op Yes
Year Built 2001
Buildings 1
Acreage 0.240
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/31/2025
Ownership Fee Simple
Long Term, Corporate, Industry Leading Early Education Tenancy | Tax-Free State
Marketing description
This offering presents a qualified buyer with the chance to acquire a long-term, passive NNN investment opportunity in an income tax-free state. O2B just signed a brand new 20-Yr Absolute NNN lease, and features built-in annual rental escalations, ensuring consistent income growth. The tenant, O2B Kids, is a fast growing, industry leading early education provider with 83 locations nationwide. The center is fully accredited, holding APPLE, NAC, and NECPA recognitions, further underscoring its quality and credibility. Strategically located in Royal Palm Beach, right off US-441, the property serves its affluent surrounding neighborhoods with average household incomes exceeding $134,000 within one mile from the subject site.
Investment highlights
- LONG TERM PASSIVE NNN OPPORTUNITY: New 20-year extension with zero landlord responsibilities.
- RENTAL ESCALATIONS: Annual scheduled increases of 2.5%.
- STRONG STABLE EARLY EDUCATION TENANCY: O2B Kids is a proven and expanding industry leader in early education, with 83 locations nationwide.
- RECESSION-RESISTANT INDUSTRY: Steady enrollment through economic cycles, with a growing demand from rising number of dual-income households.
- ACCREDITED LOCATION: The center holds APPLE accreditation (Accredited Professional Preschool Learning Environment) and is recognized by national bodies such as NAC and NECPA.
- PRIME ROYAL PALM BEACH LOCATION: Strategically situated on US-441, this center serves families from nearby neighborhoods like La Marcha, Willows, and Madison Green, neighborhoods with extremely high average household incomes (over $134,000 in a 1-mile radius)
Listing Contacts
Listed by Marcus & Millichap - Encino
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,748.00
$26,062.33/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Map
Zoning
CG CommercialGeneral CommercialGeneral Commercial District
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View all 142 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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