Kiddie Academy

3215 South Conway Road, Orlando, FL

$3,766,000

Price

6.35%

Cap Rate

$239,200

NOI

Overview
Cap Rate
6.35%
NOI
$239,200
Building Size
10,400 sqft
Lot Area
1.52 acres
Year Built
2019
Description

Single-Tenant Kiddie Academy:
-New 20-year absolute NNN lease; no landlord responsibilities
-10% increases every 5 years; unleveraged increase in return of 64 basis points in 2024
-Kiddie Academy is one of the leading childcare franchise providers in the nation
-Posted the biggest sales gain among all franchisors in the childhood learning category with a 24% gain increasing to $251 million

The Subject Property is Poised for Immediate Success:
-50,000 homes with nearly 18,000 children under the age of 4 in a 3-mile radius
-Only one other national daycare within a 3-mile radius

Close Proximity to Downtown Orlando: Over 74,000 professionals work in downtown; 11 million square feet of office space

Site of Significant Growth and Development: Over 11% population growth within a 5-mile radius of the subject property from 2010 to 2018

Dense, Orlando MSA Demographics:
-284,000 people within a 5-mile radius
-23rd largest MSA in the nation boasting a population of over 2.5 million people
-#4 of “America’s Fastest Growing Cities” - Forbes (2018)

Documents
Title
CLICK HERE FOR COMPLETE OFFERING MEMORANDUM
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Location
Gallery