Winter Garden, FL - Kiddie Academy

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Kiddie Academy investment property located in Winter Garden, Florida. The tenant currently has 18.5 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Guaranteed by an established operator with 15 units, who was named the 2024 Entrepreneur Times Franchisee of the Year and was previously named Kiddie Academy’s Franchisee of the Year. The franchisee operates 8 units in the Orlando/Tampa Market, and there are currently more than 340 open Academies in the Kiddie Academy system, located in 40 states and Washington D.C., serving nearly 40,000 children.

The subject property is located along W. Colonial Dr, a major retail road that averages 50,000 VPD. The site benefits from nearby direct on/off ramp access to the Florida Turnpike, a major thoroughfare that averages over 112,000 vehicles passing by daily. The asset is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Aldi, Publix, Big Lot’s, Anytime Fitness, Chipotle, Crunch Fitness, CVS, Walgreens, and many more. Strong tenant synergy with the adjacent Goldfish Swim School increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the subject property is in close proximity to Winterwoods Apartments (101 units), Country Gardens Apartments (184 units), and West Pointe Villas (288 units), further increasing consumer traffic to the immediate trade area. The 5-mile trade area is supported by a population of over 100,000 and 35,000 employees, providing a direct consumer base from which to draw. Residents within a 1-mile trade area boast an affluent average household income of $153,720