New Port Richey, FL - O2B Kids!

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, O2B Kids investment property located in New Port Richey, Florida. The tenant, O2B Early Education Holding, Inc has over 14 years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to structure making it an ideal, low-management investment opportunity for a passive investor. O2B Kids is a leading provider of early education services for children in the Southeast U.S.

The O2B Kids is located near the signalized, hard corner intersection of Trouble Creek Rd. and County Rd 1 with a combined (50,800 VPD). The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Publix, Walgreens, Starbucks, Dollar General, McDonald’s and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the asset is in close proximity to multiple apartment complexes including Promenade at Summer Trace Apartments (200 units), Sawgrass Creek Apartments (188 units), Tanager Square Apartments (88 units) further increasing consumer traffic to the immediate trade area. 5-mile trade area is supported by over 159,000 residents and 52,000 students, providing a direct consumer base from which to draw. The 5-mile trade area has an average household income of $78,531