request_info_guest true
Street View
Map
6 Photos

Kid City USA | Triple Net (NNN) Lease

$1,664,640

160 Business Center Drive, Ormond Beach, FL 32174

Pending
Last Updated: 04/19/2021

7.5

Cap Rate

124,848

NOI

Details:
Cap Rate:    7.5%
NOI:    $124,848
Building Size:    9,983 sqft
Lot Area:    2.85 acres
Year Built:    2008
Price Per Sqft:    $166.74
Roof and Structure:    Tenant’s Responsibility
HVAC:    Tenant’s Responsibility
Repairs and Maintenance:    Tenant’s Responsibility
Highlights:
  • Over 8 Years Remaining on a Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Kid City USA Has Been in Business For More Than 20 Years With Nearly 40 Locations in Both Florida and Indiana; Kid City USA is Rapidly Expanding Due to the Quality of Their Programs
  • Located Along US-1, Which Sees a Traffic Count of Over 23,602 Vehicles Per Day and is the Main Route South Into Daytona Beach and Along the Eastern Coastline of Florida
  • Ideal Demographics With a Population of 54,765 Residents Within a 5-Mile Radius and Residents Making an Average Household Income of Over $101,023 Within a 1-Mile Radius
  • Limited Competition in the Area With the Closest Preschool 15 Minutes South
  • Nearby Feeder Elementary Schools Include: Pathways, Pine Trail, Ormond Beach, Tomoka and Osceola Elementary
  • Just 6 Minutes to the Tomoka State Park That Offers Up 2,000 Acres of Wildlife, 160 Species of Birds and Activities Like Canoeing, Boating, Fishing, Hiking and Camping
  • Ormond Beach is the Principal City of the Deltona-Daytona Beach-Ormond Beach MSA With a Population of Over 600,000 Residents
  • Less Than 30 Minutes to Daytona Beach Which is Home to NASCAR, Speedweek, Daytona 500, Bike Week and Biketoberfest
  • Florida is a Tax-Free State
  • Nearby Tenants Include: Days Inn, McDonald’s, Waffle House, Dollar General, Love’s Travel Stop, Big Lots, Publix, Arby’s, Starbucks, RaceTrac, Dunkin’ and Subway
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 29,435 SF Kid City USA Located at 160 Business Center Drive in Ormond Beach, Florida. This Deal Includes Over 8 Years Remaining on a Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Secure Investment.





In Cooperation With SIG RE Services, LLC Lic. # CQ1055229

Map:
Documents:
Title
Offering Memorandum
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery