Kid City USA | Triple Net (NNN) Lease Investment
$802,594
290 Maitland Avenue, Altamonte Springs, FL 32701
For Sale
Special Purpose
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
Documents:
Title | ||
---|---|---|
Offering Memorandum |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location

Gallery






