Listed by CBRE - Orlando
$5,620,438
Goldfish Swim School | Absolute NNN Sale-Leaseback
Details
Property Type Retail
Sub Type Day Care/Nursery, Storefront
Square Footage 9,450
Net Rentable (SqFt) 9,450
Units 54
Cap Rate 6.85%
NOI $385,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options Six 5-year Options
Year Built 2024
Acreage 1.640
Parking Spaces 54 spaces
Parking Per SqFt 5.71
Tenant Credit Franchisee
Ground Lease No
Sale Condition Sale for leaseback
New 20-year Absolute NNN Sale-Leaseback | Affluent Orlando MSA Submarket
Marketing description
CBRE is pleased to exclusively present a brand new 20–year absolute NNN sale–leaseback with Goldfish Swim School, one of the fastest growing private companies in the country. The 9,450± SF state-of-the-art swimming facility sits on a 1.64±acre parcel and is located in the City of Winter Garden, part of the Orlando metropolitan area and servicing the rapidly growing western part of the Central Florida market. The new 20-year absolute NNN lease commences upon COE and features 1.75% annual escalations throughout the term, providing truly hands off ownership with no landlord obligations.
Investment highlights
- Brand New 20-Year NNN Lease with Goldfish Swim School
- Absolute NNN Sale-Leaseback – No landlord management obligations
- Fixed 1.75% Annual Rental Increases
- Located less than 5-miles from Winter Garden Village - a 1.1±M SF Open-air Lifestyle Shopping Center
- Affluent Submarket | Average HHI Over $160,000 within One-Mile Radius, $147,000 within 3-Miles & $152,000 within 5-Miles
- Positioned on State Road 50 - High Traffic Primary Retail Corridor with over 37,500±VPD
- Large 1.64-acre parcel with 54 parking spaces
- No debt to assume
- Florida has NO STATE INCOME TAX
Listing Contacts
Listed by CBRE - Orlando
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$385,000.00
$32,083.33/mo
Valuation Metrics
0
DSCR
6.85%
Cap Rate
6.85%
ROI
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