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31715765
31715764

2060 Nebraska Ave, Palm Harbor, FL 34683

RF
FL SL 3519898
CBRE - Tampa
JG
FL SL3273659
CBRE - Tampa
JS
FL SL3347780
CBRE - Tampa
Listed by CBRE - Tampa
$3,500,000
50 days on market
Updated 50 days ago

New Horizons Country Day School

Details
Property Type Retail, Special Purpose
Sub Type School
Square Footage 17,881
Cap Rate 6.25%
NOI $218,750
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Price per SqFt $196
Year Built 2006
Acreage 3.020
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

Retail | 6.25% CAP | 17,881 SqFt

Marketing description

CBRE is pleased to present for sale New Horizons Country Day School, a private early education facility located in Palm Harbor, Pinellas County, Florida. The property is positioned within a mature residential neighborhood and sits at a signalized intersection at Nebraska Avenue and Belcher Road - a junction that sees 37,000 motorists pass through each day. The school sits just west of U.S. 19, offering convenient travel for surrounding communities and strong access and visibility along Nebraska Avenue.

New Horizons Country Day is a family owned and operated state of the art learning facility, established in 2006 and licensed by the Department of Children and Families of the State of Florida. The purpose of the center is to provide a superior quality preschool and early childhood development program serving children from six weeks to five years of age, including Florida's Voluntary Pre-Kindergarten (VPK) Program, and a before/after school care program. This location benefits from a deep, established customer base drawn from nearby single-family neighborhoods and growing residential pockets throughout Palm Harbor and northern Pinellas County.

Palm Harbor is one of north Pinellas County's most established suburban submarkets, offering strong household incomes, quality schools, and convenient access to employment centers throughout the Tampa–St. Petersburg–Clearwater metro area. Nebraska Avenue connects directly to Alternate U.S. 19 and U.S. 19, providing efficient regional access while maintaining a neighborhood-scale environment that is attractive to families. Continued residential stability and infill redevelopment in the area support long-term demand for education and childcare services.

With limited competition in the immediate submarket, New Horizons Country Day School is ideal for investors seeking a stabilized asset with an established operator and long-term occupancy, located within a strong suburban township in a tax friendly state.

Investment highlights

  • Signalized corner at Nebraska Ave & Belcher Rd
  • 37,000 vehicles pass daily
  • Affluent 3‑mile trade area ($117K avg. income)
  • Dense population: 76,000+ residents nearby
  • Surrounded by top national retailers & dining
  • Strong family demographics with high education & homeownership
  • 30+ year, best‑in‑class local operator with strong reputation
  • High‑growth Palm Harbor submarket attracting young families
  • 22% of nearby residents under age 40

Listing Contacts

RF
FL SL 3519898
CBRE - Tampa
JG
FL SL3273659
CBRE - Tampa
JS
FL SL3347780
CBRE - Tampa
Listed by CBRE - Tampa

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$218,750.00
$18,229.17/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Robert Freeman
License
SL 3519898
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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