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Kid City USA | Triple Net (NNN) Lease Investment

$802,594

290 Maitland Avenue, Altamonte Springs, FL 32701

Active
Last Updated: 06/14/2021

7

Cap Rate

56,182

NOI

Details:
Cap Rate:    7%
NOI:    $56,182
Building Size:    2,392 sqft
Lot Area:    0.46 acres
Year Built:    1955
Roof & Structure:    Tenant’s Responsibility
HVAC:    Tenant’s Responsibility
Repairs & Maintenance:    Tenant’s Responsibility
Highlights:
  • ~12 Years Remaining on a Triple Net Lease With Zero Landlord Responsibility
  • Corporate and Personal Guarantee
  • Kid City USA Has Been in Business For More Than 20 Years With Over 50 Locations in Both Florida and Indiana; They Are Rapidly Expanding Due to the Quality of Their Programs
  • Strategically Located in a Dense Residential Neighborhood With Traffic Counts on Maitland Avenue Over 21,810 VPD
  • Ideal Demographics With a Population of Over 91,361 Residents Making an Average Household Income of $81,725 Within a 3-Mile Radius
  • Nearby Feeder Elementary Schools: Altamonte, Spring Lake, Forest City, Riverside, Orangewood Christian, Lake Orienta, Lake Sybelia, English Estates and Casselberry
  • Just 5 Minutes From Uptown Altamonte, the Central Business District and City Center That Includes Apartments, Condos, Shops, Retailers, Parks and Venues
  • Altamonte Springs is Host to the Red Hot & Boom Annual Fireworks Festival That Draws in 200,000 People and is Central Florida’s Largest Independence Day Celebration
  • The City is a Northern Suburb of Orlando and Is Under 30 Minutes Away From Universal Orlando Resort and the Orlando International Airport
  • Florida is a Tax-Free State
  • Nearby Tenants Include: Walgreens, Panera Bread, AMC, Hudson’s Outlet, Dunkin’, Whole Foods Market, JCPenney, DSW, Marshalls, Jason’s Deli, Starbucks, Chili’s, Verizon, Chevron, Advance Auto Parts and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,392 SF Kid City USA Located at 290 Maitland Avenue in Altamonte Springs, FL. This Opportunity Includes ~12 Years Remaining on a Highly Desirable Triple Net (NNN) Lease With Zero Landlord Responsibility, Providing For a Great Investment.




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

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Offering Memorandum
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