For Sale | Kid City USA | Triple Net (NNN)
$1,116,208
204 South Central Avenue, Apopka, FL 32703
For Sale
Special Purpose
Active
Last Updated: 11/29/2021
7
Cap Rate
78,135
NOI
Details:
Cap Rate: 7%
NOI: $78,135
Building Size: 6,972 sqft
Lot Area: 1.22 acres
Year Built: 2000
Price Per Sqft: $160.10
Roof & Structure : Tenant's Responsibility
Repairs, Maintenance, HVAC & Utilities : Tenant's Responsibility
Property Taxes, Insurance & Common Area : Tenant's Responsibility
Highlights:
- Brand new 15 year Triple Net (NNN) sale leaseback with zero landlord responsibility.
- Corporate and personal guarantee.
- Kid City USA has been in business for more than 20 years with nearly 40 locations in both Florida and Indiana ; They are rapidly expanding due to the quality of their programs.
- Easy access to HWY 441 leading south into Downtown Orlando which is less than a 30 minute commute.
- Strategically located in a dense residential neighborhood with a population of over 130,022 residents making an average household income of $84,014 within a 5-mile radius.
- Nearby Feeder Elementary Schools Include: Dream Lake, Apopka, Phillis Wheatly, Lovell, Wheatley, Wolf Lake, Lakeville, Rock Springs, Clay Springs and Bear Lake Elementary Schools
- Just 15 minutes to the Northwest Recreation Complex which has 6 full-sized soccer fields, 4 multi-purpose fields, 2 lacrosse fields, 2 flag football fields, 6 baseball fields, 6 softball fields, 4 tennis courts, 3 basketball courts, 4 sand volleyball courts and 4 pavilions along with a 0.9 mile walking trail.
- Nearby Attractions : Lake Apopka North Shore, Wekiwa Springs State Park and the Wekiva River Buffer Conservation Area
- Apopka is part of the Orlando-Kissimmee-Sanford MSA which has a population of over 2.4 million residents ; It is the third largest metropolitan area in Florida.
- Nearby Tenants Include: Walgreens, Wawa, CVS Pharmacy, Wendy’s, McDonald’s, Dollar Tree, Family Dollar, Sam’s Club, Home Depot, Subway, Tractor Supply, Sunoco Gas, Advance Auto Parts, Dunkin’, Denny’s and More
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,972 SF Kid City USA Located at 204 South Central Avenue in Apopka, FL. This Opportunity Includes a Highly Desirable 15 Year Triple Net (NNN) Sale Leaseback With Zero Landlord Responsibility, Providing For a Great Investment.
In Cooperation With SIG RE Services, LLC Lic. # CQ1055229
Documents:
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Offering Memorandum |
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